◎ Purchase Price: $535,000.00◎ Total Down Payment: $49,999.00◎ Monthly (PITI) Holding Costs: $2,560.71
◎ Loans/Interest Rate:
1st Mortgage
Balance $213,456.60 due 10/01/50
Interest Rate: 2.875% (Fixed)
Principal: $482.86
Interest: $512.56
Escrow (Taxes & Ins) $782.29
Total PITI 1st Mtg: $1,777.71
HELOC Balance $120,000
Rate: Prime minus 1.1%
Interest 669$
principal 126$
Payment: $740/mth (est)
Seller Finance:
Amount: $156,500
Interest Rate: ZERO %
NO Payments
Balloon: 10 Years and provision that property must appraise > $550,000 or an additional 2 years is added to Balloon.◎ Your Exit Strategy: Wrap/ Long temr Rent/ Lease