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Published byKaleigh Study Modified about 1 year ago

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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 County http://www.realestate.com/PA/Doylestown/40608003-3776-CHURCH-SCHOOL-ROAD-Doylestown-PA- 18902-home-for-sale.aspx

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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.

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Monthly Payment: 30 year mortgage 30 year mortgage APR: 4.926 APR: 4.926 My monthly payment using Structure 1 will be $2,978.03.

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Total Interest Total cost of house 30 year mortgage 30 year mortgage APR: 4.926 APR: 4.926 (Monthly Payment) (n) (Amount Financed) My total interest cost using Structure 1 will be $512,250.80. (Down Payment) (Total Interest) (Amount Financed) The total cost of my house using Structure 1 will be $1,212,050.80.

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