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This worksheet is a breakdown and explanation of the buyers total monthly payment and cash requirement to purchase a home. Please note that if you qualify, we can help you buy a house with no money down. I would be happy to complete this form and send it to you either by email or regular mail. Then, if you wish, we can review the information over the phone and I can answer any questions you may have. There is no cost or obligation on your part. If you are interested, please call or email me and we can go from there.
Thanks,
Vic
BUYER'S MONTHLY PAYMENT
| CASH REQUIREMENTS |
|
|
| Sales Price |
|
$____________ |
| Loan Amount |
( - ) |
$____________ |
| Down Payment ______% or $____________ |
|
$____________ |
| Closing Costs |
|
$____________ |
| Escrow Account (Prepaids) |
|
$____________ |
| Interim Interest @ $________ per day x _____ days |
|
$____________ |
| TOTAL CASH REQUIRED |
|
$____________ |
| Closing Costs Paid by Seller |
( - ) |
$____________ |
| NET TOTAL CASH REQUIRED |
|
$____________ |
| MONTHLY PAYMENTS |
|
|
| Principal & Interest @ ___% ___ yrs. ( _____ per 1000 of loan amount ) |
|
$____________ |
| Annual Mortgage Insurance $____________ ÷ 12 = |
|
$____________ |
| Annual Taxes $____________ ÷ 12 = |
|
$____________ |
| Annual Hazard Insurance $____________ ÷ 12 = |
|
$____________ |
| Annual Flood Insurance $____________ ÷ 12 = |
|
$____________ |
| Annual Earthquake Insurance $____________ ÷ 12 = |
|
$____________ |
| TOTAL MONTHLY PAYMENT, BEFORE TAX DEDUCTION |
|
$____________ |
| Less Tax Deduction will vary with each individual |
( - ) |
$____________ |
| MONTHLY PAYMENT, AFTER TAX DEDUCTION |
|
$____________ |
DEDUCTABLE ITEMS FOR INCOME TAX PURPOSES
| Interest |
$____________ |
| Property Taxes |
$____________ |
| Depreciation (Investors Only) |
$____________ |
| Total Tax Deduction |
$____________ |
| Tax Bracket % |
$____________ |
| TAX CREDIT |
$____________ per year |
|
$____________ per month |
|
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