Cost & Cash Requirement Analysis for:

Condo with 20% Downpayment

Date: Oct 23 2012

408 Boardwalk Ave #2,San Bruno,CA 94066

To buy any Bay Area home with 3% to 5% downpay ONLY Visit/Contact:

www.HomeBuyerHelps .com By: Alex Aung (Broker/Owner) Tel: 408-646-4622

On Yelp >> Name: Alex Aung City: Cupertino

AlexAungRealEstate@Gmail.com
20% DOWN -Condo / Conventional Program , 1st loan amount < 417K (keeping under conforming amount for best rate)
30 yr Interest Rate
Number Of Payment
Total Monthly Debt
Purchase Price
Less Buyer's 20%

4.5 (Interest rate changes daily until it is locked & Rate can NOT be locked until lender has seller's signed contract)
360 (For 10% Rate is reflective of lender paid PMI)
0

Down Payment

Total Down Payment

1st Loan MUST be <417K fr best rates
1st loan Monthly
LTV
1st Loan Payment (Mortgage Principal & Interest)
*HOA
Property Tax
Total Housing Payment before Tax Deduction benefit / Monthly
**Tax deduction estimate using ~ 30% bracket

NET Total Housing cost After Tax Deduction Benefit

(**Consult with your CPA -this is for refernce only)
Total Cash Needed for purchase (DownPay +2% closing cost)
Minimum NET Yearly Income needed (after ALL debts)
43000
50000

240000

250000

260000

270000

280000

290000

300000

310000

320000

48000

50000

52000

54000

56000

58000

60000

62000

64000

48000

50000

52000

54000

56000

58000

60000

62000

64000

192000

200000

208000

216000

224000

232000

240000

248000

256000

($973)

($1,013)

($1,054)

($1,094)

($1,135)

($1,176)

($1,216)

($1,257)

($1,297)

80.00%

80.00%

80.00%

80.00%

80.00%

80.00%

80.00%

80.00%

80.00%

1,013

1,054

1,094

1,135

1,176

1,216

1,257

1,297

973
315

315

315

315

315

315

315

315

250

260

271

281

292

302

313

323

1,538

1,589

1,640

1,691

1,742

1,793

1,844

315
333

1,894

1,945

291

303

315

327

340

352

364

376

388

1,247

1,286

1,324

1,363

1,402

1,441

1,480

1,519

1,557

52,800

55,000

57,200

59,400

61,600

63,800

66,000

68,200

70,400

PMI

Debt Ratio Must be <45%

PMI

PMI

PMI

PMI

42.92%

44.34%

45.76%

47.18%

48.60%

50.03%

51.45%

52.87%

54.29%

36.91%

38.13%

39.35%

40.58%

41.80%

43.02%

44.25%

45.47%

46.69%

*HOA Facilities: Gym, Swimming pool, Jacuzzi, Sauna, Tennis, Club

House Party Area, Too many to list - please see photos
*HOA Fees: $315 (Cover: Water, Fire & Hazard Insurance, Garbage, Roof, Bld Exterior, All Common facilities)