Thursday, May 15, 2008

My Farrell Street Listing VHFA scenario

Here's a rundown of the VHFA financing scenario for my Farrell Street Listing, click here to view.
  • Current Rate 6.25%
  • Purchase Price $159900
  • 3% Down payment, financed MI
  • Total Loan of $155,103.00
  • Principal and Interest: $979.44
  • South Burlington Taxes $208
  • HOA Dues- $192
  • Total Housing obligation: $1380 a month.

This would be ideal for the professional making low to mid 40K range with little or no debit.

Total estimated cost to purchase:$8700

- Rates are subject to change daily. Subject to credit approval.

Figures courtesy of Jay Vallieres, Mortgage Financial.

- Stella Abraham, REALTOR

Coldwell Banker Hickok & Boardman Realty
346 Shelburne Road, Burlington, VT 05401

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