OCR Text |
Show I " mil in ii mi '""S M I j 'Development Inc. Mj7olioiLi O Qetnv Would lilce to invite you to take advantage of this ex- II cellent home finance program - offered through CMZ II Mortgage, Inc. I 5.':.' V tfffll .1 p-WW'11 ' N V ' ' s -V I P V-7" !v. Tdilio"a. - ;.. I Elegant Modified Georgian. III j ' ,A-$209,000 I - ; $295,000 I ll 1 r 11$ .... , . II Redwood Contemporary, p ! Elegant English Country' r I $199,000. f-r 1 ' . 1 Colonial, $219,000 1 y t II . . CT'" 1 1 . I Sale Price $209,000 $199,000 $219,000 $295,000 I Loan Amount $167,000 $159,500 $175,200 $235,000 Term of Loan 15 Year 15 Year 15 Year 15 Year I Payment Rate II Qualify First Year 912 912 912 912 Note Rate (Actual Interest) 1312 1312 1312 1312 I The following figures are related to the above amounts of loan and interest. This can change with purchase I price and changing of interest rate. El Loan Origination Fee: Money Paid Mortgage Company For Obtaining Loan (312 of Loan Amount) L $5,852 $5,583 $6,132 $8,257 ' El Appraisal Fee: Amount Paid to Have House Appraised for Loan. I $135, $135 $135 $135 I Cred,t RePrt: $35 $35 $35 $35 Real Estate Tax Service Fee: I $25 $25 $25 $25 I Interest from Time of Close Until First Payment: Estimated 30 Days. I $1,855 $1,770 $1,944 $2,617 I Mortgage Insurance Premium 1 of Loan Amount: All Loans of More Than 70 Must Have Mortgage Insurance, Which Insures Lender Against Default. $W2 $1595 $V52 $2 359 Hazard Insurance Premium: (Fire) I $375 $350 $400 $450 I Document Preparation: I $100 $100 $100 ' $100 Title Insurance: Buyers Portion. I $275 $255 $300 $356 I Recording 5ees: $12 $12 $12 $12 I Endorsement Guarantee: Title Company Guarantees Against Encroachment Problems on Lot. 1 $40 $40 - $40 $40 I Hazard Insurance: Two Months I ' $60 $60 $68 " $75 Mortgage Insurance: Two Months I $104.50 $99.68 $109.50 $147.44 Real Estate Taxes: Three Months I 199(800) 175 (700) 225(900) .250(1000) I Down Paymenet: $41,800 $39,500 $43,800 $59,000 I $52,540 $49,735 $55,078 $73,858 Remember - when you buy a GJ.D. home you get a GREAT house at a 'A MaAW GREAT price, in a GREAT area! Come Martha Brown ! see us in Silver Springs. We are always r 649-1602 open and ready to show! I il-' 1 |