Estimates of what a mortgage company might do: | ||||
Scenario #1: | ||||
Home price | $595,000.00 | |||
20% down | ($119,000.00) | |||
Bal to finance | $476,000.00 | |||
Monthly | ||||
30 year note on $476,000 at 7.5% : | $3,328.76 | |||
Prop Taxes 2008 | $535.92 | |||
Insurance 2008 | $146.75 | |||
Monthly payment | $4,011.43 |