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  • Kevin Dolby

HOW MUCH HOUSE CAN YOU AFFORD?

The payment estimates below use a 4.375% interest rate with an estimate for taxes and home owner’s insurance, so your payment may vary depending on the property you choose and your final interest rate.

**Down Payment: The minimum down payment to purchase a home is 3.5%, so this is the down payment amount used in these estimates. 

**Closing Costs: These fees are separate from and in addition to your down payment. These are fees charged by the bank, attorney, government, and all other required fees associated with purchasing a home. Closing costs average 4% - 6% depending on the purchase price. That is how we came up with the numbers below. 

Sometimes sellers will help cover your closing costs – but not always. Don’t be alarmed.

Your agents are excellent negotiators, so they will negotiate for the seller to cover as much of your closing costs as possible, but these estimates I am providing do not take into account any seller contributions.

·A $100,000 home will have a mortgage around $765/mo. Down Payment: $3,500. Closing costs: $6,000

·A $110,000 home will have a mortgage around $830/mo. Down Payment: $3,850. Closing costs: $6,600

·A $120,000 home will have a mortgage around $895/mo. Down Payment: $4,200. Closing costs: $7,200

·A $130,000 home will have a mortgage around $960/mo. Down Payment: $4,550. Closing costs: $7,800

·A $140,000 home will have a mortgage around $1,025/mo. Down Payment: $4,900. Closing costs: $8,400

·A $145,000 home will have a mortgage around $1,060/mo. Down Payment: $5,075. Closing costs: $8,700

·A $150,000 home will have a mortgage around $1,100/mo. Down Payment: $5,250. Closing costs: $9,000

CLOSING COSTS WILL BE CLOSER TO ABOUT 5% IN THESE PRICE RANGES:

·A $160,000 home will have a mortgage around $1,160/mo. Down Payment: $5,600. Closing costs: $8,000

·A $165,000 home will have a mortgage around $1,200/mo. Down Payment: $5,775. Closing costs: $8,250

·A $175,000 home will have a mortgage around $1,260/mo. Down Payment: $6,125. Closing costs: $8,750

·A $180,000 home will have a mortgage around $1,295/mo. Down Payment: $6,300. Closing costs: $9,000

·A $185,000 home will have a mortgage around $1,325/mo. Down Payment: $6,475. Closing costs: $9,250

·A $200,000 home will have a mortgage around $1,425/mo. Down Payment: $7,000. Closing costs: $10,000

·A $220,000 home will have a mortgage around $1,560/mo. Down Payment: $7,700. Closing costs: $11,000

·A $225,000 home will have a mortgage around $1,590/mo. Down Payment: $7,875. Closing costs: $11,250

·A $230,000 home will have a mortgage around $1,625/mo. Down Payment: $8,050. Closing costs: $11,500

·A $240,000 home will have a mortgage around $1,690/mo. Down Payment: $8,400. Closing costs: $12,000

·A $245,000 home will have a mortgage around $1,725/mo. Down Payment: $8,575. Closing costs: $12,250

CLOSING COSTS WILL BE CLOSER TO ABOUT 4% IN THESE PRICE RANGES:

·A $250,000 home will have a mortgage around $1,755/mo. Down Payment: $8,750. Closing costs: $10,000

·A $260,000 home will have a mortgage around $1,825/mo. Down Payment: $9,100. Closing costs: $10,400

·A $265,000 home will have a mortgage around $1,855/mo. Down Payment: $9,275. Closing costs: $10,600

·A $275,000 home will have a mortgage around $1,925/mo. Down Payment: $9,625. Closing costs: $11,000

·A $280,000 home will have a mortgage around $1,955/mo. Down Payment: $9,800. Closing costs: $11,200

·A $285,000 home will have a mortgage around $1,985/mo. Down Payment: $9,975. Closing costs: $11,400

·A $300,000 home will have a mortgage around $2,086/mo. Down Payment: $10,500. Closing costs: $12,000

·A $320,000 home will have a mortgage around $2,220/mo. Down Payment: $11,200. Closing costs: $12,800

·A $350,000 home will have a mortgage around $2,420/mo. Down Payment: $12,250. Closing costs: $14,000

·A $360,000 home will have a mortgage around $2,485/mo. Down Payment: $12,600. Closing costs: $14,400

·A $375,000 home will have a mortgage around $2,585/mo. Down Payment: $13,125. Closing costs: $15,000

·A $380,000 home will have a mortgage around $2,615/mo. Down Payment: $13,300. Closing costs: $15,200

IF YOU HAVE A 640 CREDIT SCORE AND UP NO MONEY DOWN!!!

CONTACT US TO FIND OUT WHAT YOU QUALIFY FOR!


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Hampton, GA 30228, USA