 Address: 3776 Church School Road Doylestown, PA 18902  Total Cost: $699,800  4 Bedroom; 3 Bathroom  2.03 acres of land  Single family home in Bucks.

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Presentation transcript:

 Address: 3776 Church School Road Doylestown, PA  Total Cost: $699,800  4 Bedroom; 3 Bathroom  2.03 acres of land  Single family home in Bucks County home-for-sale.aspx

 Down Payment:  Take 20% of total cost of house ▪ $699,800 x 0.20 = $139,960  My down payment will be $139,960.  I only had $80,000 dollars from savings and $30,000 from my Aunt Yvonne. I supplied myself with the other $60,000 by putting about $4,000 away every month into an account for the past five years. I also worked some overtime at work.  How much of my house needs to be financed, or loaned?  $699,800 (cost of house) - $139,960 (down payment) = $559,840  I will need to finance $559,840 for the purchase of my house.

 Monthly Payment: 30 year mortgage 30 year mortgage APR: APR: My monthly payment using Structure 1 will be $2,

 Total Interest  Total cost of house 30 year mortgage 30 year mortgage APR: APR: (Monthly Payment) (n) (Amount Financed) My total interest cost using Structure 1 will be $512, (Down Payment) (Total Interest) (Amount Financed) The total cost of my house using Structure 1 will be $1,212,

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