House Information Address 3776 Church School Road Doylestown

  • Slides: 4
Download presentation
House Information Address: 3776 Church School Road Doylestown, PA 18902 Total Cost: $699, 800

House Information Address: 3776 Church School Road Doylestown, PA 18902 Total Cost: $699, 800 4 Bedroom; 3 Bathroom 2. 03 acres of land Single family home in Bucks County http: //www. realestate. com/PA/Doylestown/40608003 -3776 -CHURCH-SCHOOL-ROAD-Doylestown-PA 18902 -home-for-sale. aspx

Down Payment and Loan Amount Down Payment: How much of my house needs to

Down Payment and Loan Amount Down Payment: How much of my house needs to be financed, or loaned? Take 20% of total cost of house ▪ $699, 800 x 0. 20 = $139, 960 My down payment will be $139, 960. I only had $80, 000 dollars from savings and $30, 000 from my Aunt Yvonne. I supplied myself with the other $60, 000 by putting about $4, 000 away every month into an account for the past five years. I also worked some overtime at work. $699, 800 (cost of house) - $139, 960 (down payment) = $559, 840 I will need to finance $559, 840 for the purchase of my house.

Structure 1 Monthly Payment: • 30 year mortgage • APR: 4. 926 My monthly

Structure 1 Monthly Payment: • 30 year mortgage • APR: 4. 926 My monthly payment using Structure 1 will be $2, 978. 03.

Structure 1 (Continued) • 30 year mortgage • APR: 4. 926 Total Interest (Monthly

Structure 1 (Continued) • 30 year mortgage • APR: 4. 926 Total Interest (Monthly Payment) (n) (Amount Financed) My total interest cost using Structure 1 will be $512, 250. 80. Total cost of house (Down Payment) (Amount Financed) (Total Interest) The total cost of my house using Structure 1 will be $1, 212, 050. 80.