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| DETROIT
MOTOR CITY CONDOS ARE A GREAT VALUE! |
| AFFORDABILITY |
| CONDOS
AT $115,0000 |
| 3%
DOWN $3450 |
5% DOWN $5,750 |
10%
DOWN $11,500 |
FHA Scenario 3%
down: 6.375%
Loan Amount $111,550
Principle and Interest: $695.92
Taxes: $25.33/mo
HOA: $119/mo
Mortgage Insurance: $48.34/mo
APR Statement: Par Interest rate calculated at 6.375% (APR 6.761%) |
5% down one loan
no MI 7.125%
Loan Amount $109,250
Principle and Interest: 736.03
Taxes: $25.33/mo
HOA: $119/mo
APR Statement: Par Interest rate calculated at 7.125% (APR 7.365%) |
10% Down one loan no MI 6.875%
Loan Amount: $103,500
Principle and Interest: 679.92
Taxes: $25.33/mo
HOA: $119/mo
APR Statement: Par Interest rate calculated at 6.875% (APR 7.125%) |
| $888.60
Per Month |
$880.37
Per Month |
$824.25 Per
Month |
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| CONDOS
AT $125,0000 |
| 3% DOWN $3750 |
5% DOWN $6,250 |
10% DOWN $12,500 |
FHA Scenario 3% down: 6.375%
Loan Amount $121,250
Principle and Interest: $756.44
Taxes: $25.33/mo
HOA: $142/mo
Mortgage Insurance: $52.54
APR Statement: Par Interest rate calculated at 6.375% (APR 6.761%) |
5%
down one loan no MI 7.125%
Loan Amount $118,750
Principle and Interest: $800.04
Taxes: $25.33/mo
HOA: $142/mo
APR Statement: Par Interest rate calculated at 7.125% (APR 7.365%) |
10% Down one loan no MI 6.875%
Loan Amount: $112,500
Principle and Interest: $757.93
Taxes: $25.33/mo
HOA: $142/mo
APR Statement: Par Interest rate calculated at 6.875% (APR 7.125%) |
$976.31 Per
Month
|
$967.37 Per
Month |
$925.26 Per
Month |
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| CONTACT
OUR PREFERRED LENDER FOR MORE INFORMATION |
Bill
Rodriguez Certified Mortgage
Planning Specialist, Cherry
Creek Mortgage Company
303.877.6323
office 303.607-6452 • fax 303.607.6453
EMAIL |
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