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FINANCING OPTIONS FOR The Flats
(Figures are for illustration only. For actual figures, contact your lender.)
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Unit Name: Townhome Style
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| Average Sales Price: $450,000 |
| Annual Taxes: $2,200 |
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5/1 ARM 20%
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5/1 ARM 10%
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5/1 Interest Only
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| Cash Down |
$ 90,000.00
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$45,000.00
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$90,000.00
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| Est'd Closing Costs |
1,521.90
|
1,521.90
|
1,521.90
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| Est'd Prepaids |
1,005.95
|
1,005.95
|
1,005.95
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| Loan Amount |
360,000.00
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360,000.00
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360,000.00
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| 2nd Loan Amount |
0
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45,000.00
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0
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| Interest Rate |
6.00%
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6.00%
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6.00%
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| APR |
5.9492%
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5.9492%
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5.9460%
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| Principal & Interest |
2,158.38
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2,158.38
|
1,800.00
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| 2nd Payment |
0
|
225.00
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0
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| Property Tax (estd) |
183.00
|
183.00
|
183.00
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| HOA dues (estd) |
210.00
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210.00
|
210.00
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| Monthly payment |
$2,551 .00
|
$2,776.00
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$2,193.00
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Unit Name: Loft Style
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| Average Sales Price: $575,000 |
| Annual Taxes: $2,400 |
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5/1 ARM 20%
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5/1 ARM 10%
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5/1 Interest Only
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| Cash Down |
$115,000.00
|
$57,500.00
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$115,000.00
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| Est'd Prepaids |
1,212.95
|
1,212.95
|
350.00
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| Est'd Closing Costs |
1,534.50
|
1,534.50
|
1,534.50
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| Loan Amount |
460,000.00
|
460,000.00
|
460,000.00
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| 2nd Loan Amount |
0
|
57,500.00
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0
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| Interest Rate |
6.00%
|
6.00%
|
6.00%
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| APR |
5.9424%
|
5.9424%
|
5.9396%
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| Principal & Interest |
2,757.93
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2,757.93
|
2,300.00
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| 2nd Payment |
0
|
287.50
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0
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| Property Tax (estd) |
200.00
|
200.00
|
200.00
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| HOA dues (estd) |
210.00
|
210.00
|
210.00
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| Monthly payment |
$3,167.00
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$3,455.00
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$2,710.00
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