MORTGAGE AND CLOSING COST ESTIMATES
   

The Typical Monthly Payment on a $96,000 home is $683.17

Monthly Mortgage (7.25%):
$654.89


Monthly FHA Fees:
$35.00

   

Monthly Real Estate Tax (est. $1,284 year)
$107.00
   

Monthly Home Insurance
$50.00


Personal Income Tax Savings (@ 25% tax rate)
$163.72



Total Monthly Payment

$683.17

Cash Required to Close (estimate):

$3,000.00

The Typical Monthly Payment on a $105,000 home is $734.33

Monthly Mortgage (7.25%):
$723.11


Monthly FHA Fees:
$35.00

   

Monthly Real Estate Tax (est. $1,284 year)
$107.00
   

Monthly Home Insurance
$50.00


Personal Income Tax Savings (@ 25% tax rate)
$180.78



Total Monthly Payment
$743.33

Cash Required to Close (estimate):
$3,000.00



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