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Economics Purchasing a Home Mr. Lujan May 19, 2014.

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Presentation on theme: "Economics Purchasing a Home Mr. Lujan May 19, 2014."— Presentation transcript:

1 Economics Purchasing a Home Mr. Lujan May 19, 2014

2 Home + Price $719,000 ● 11464 Yolanda Ave Northridge, CA 91326

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4 Home Details ● Built 1970 ● Bedrooms 5 ● Baths 3 full baths ● Square Feet: 2115

5 Details and extras ● Fireplace: family room ● Other rooms: Loft, Den, Family Room ● 2 stories ● Outdoor lighting, custom landscaping ● 2 car garage ● Central heating and A/C ● Custom interior paint ● Tile Bath and Kitchen

6 Home Loan Mortgage ● Total price of home: 719000 ● 10% down payment: 71900 ● Price of mortgage loan: 647000 ● Interest rate %: 7% ● Monthly Payment: $4305.17

7 Homeowners Insurance ● $212.33 mo ● 2548.00 a year ● Dwelling insured up to 719000 ● Contents insured up to 539250 ● 1% deductible

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