| Purchase Price | Down Payment | Estimated Closing Costs | Property Taxes | Home Owners | Estimated Monthly Payment | Total Monthly Payment |
| (Includes Prepaids and Reserves) | (Monthly) | Insurance | (Including Mortgage Insurance) | (Principal + Interest + Taxes + Insurance) | ||
| (Estimated on High Side) | (Monthly) | |||||
| $100,000 | $3,500 | $3,000 | $105 | $25 | $557 | $687 |
| $150,000 | $5,250 | $4,500 | $157 | $37 | $772 | $966 |
| $200,000 | $7,000 | $6,000 | $210 | $50 | $1,022 | $1,282 |
| $250,000 | $8,750 | $7,500 | $262 | $62 | $1,255 | $1,579 |
| These numbers are based off of a 30 year FHA loan with a 4% interest rate. Zero origination fees and zero discount points. | ||||||
| I am also assuming that the tax value of the house is equal to the purchase price. |
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Full-time North Carolina Real Estate Broker. I specialize in the south Charlotte market in Mecklenburg and Union County. I enjoy working with buyers relocating to Charlotte, NC.
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