Buyer’s Cost - Donald Free School of Real...
Transcript of Buyer’s Cost - Donald Free School of Real...
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Buyer’s Cost
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Estimated Purchaser Cost Form
When to use the form: 1. before showing property; 2. at the time of an offer and/or counteroffer; and, 3. prior to the closing.
![Page 3: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/3.jpg)
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Estimated Purchaser Cost Form
Due Date of Purchaser's First Payment If the closing is on the 1st of the month, the next payment will be due on
the 1st of the following month.
Closing August 1st First Payment September 1st
EXAMPLE
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Estimated Purchaser Cost Form
Due Date of Purchaser's First Payment If the closing is on any day other than the 1st of the month, skip a
month.
Closing September 15th
First Payment November 1st
EXAMPLE
October 1st
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Estimated Purchaser Cost Form
Calculating the Interest Adjustment When calculating interest use a 360 day year unless instructed
otherwise.
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Estimated Purchaser Cost Form
Calculating the Interest Adjustment
![Page 7: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/7.jpg)
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Estimated Purchaser Cost Form
Calculating the Interest Adjustment
![Page 8: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/8.jpg)
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Estimated Purchaser Cost Form Calculating the Interest Adjustment
Formula
Loan Amt. x Int. Rate = Annual Int.
Annual Int. ÷ by 360 = Daily Rate
Daily Rate x # of Days Owed = % Adj.
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Estimated Purchaser Cost Form Calculating the Interest Adjustment
![Page 11: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/11.jpg)
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Estimated Purchaser Cost Form Calculating the Interest Adjustment
![Page 12: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/12.jpg)
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Estimated Purchaser Cost Form Calculating the Transfer Tax
Sales Price (- Loan Assumed, in any) ÷ 100 = Taxable Amount Round Taxable Amount up to the nearest whole dollar
Rounded Taxable Amount x $0.10 = Transfer Tax
![Page 13: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/13.jpg)
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Estimated Purchaser Cost Form Calculating the Transfer Tax
![Page 14: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/14.jpg)
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Estimated Purchaser Cost Form Calculating the Transfer Tax
![Page 15: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/15.jpg)
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Estimated Purchaser Cost Form Calculating the Intangibles Tax
New Loan Amount ÷ 500 = Taxable Amount
Round Taxable Amount up to the nearest whole dollar
Rounded Taxable Amount x $1.50 = Intangibles Tax
![Page 16: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/16.jpg)
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Estimated Purchaser Cost Form Calculating the Intangibles Tax
![Page 17: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/17.jpg)
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![Page 18: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/18.jpg)
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Estimated Purchaser Cost Form
![Page 22: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/22.jpg)
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Estimated Purchaser Cost Form Calculating Private Mortgage Insurance
Paid on conventional loans with greater than an 80% LTV
Loan Amount x Rate = Annual PMI If indicated, round Annual PMI down.
Annual PMI ÷ 12 = Monthly PMI
![Page 23: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/23.jpg)
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Estimated Purchaser Cost Form
![Page 24: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/24.jpg)
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Estimated Purchaser Cost Form
![Page 25: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/25.jpg)
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Estimated Purchaser Cost Form Calculating Mortgage Insurance Premium
Paid on all FHA Loans in 2 parts
Loan Amount x Rate = UFMIP Added to the loan and financed
Loan Amount x Rate = Annual MIP
Annual MIP ÷ 12 = Monthly MIP
![Page 26: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/26.jpg)
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Estimated Purchaser Cost Form
![Page 27: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/27.jpg)
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Estimated Purchaser Cost Form
![Page 28: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/28.jpg)
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Estimated Purchaser Cost Form Calculating Property Tax Escrow
Note: For testing purposes the number of months to be escrowed will be given.
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Monthly Payment Needed to Amortize a Loan of $1000
Interest Rate 15 Years 20 Years 25 Years 30 Years
6.00% 7.17 6.45 6.00
7.00% 8.99 7.76 7.07 6.66
8.00% 9.56 8.37 7.72 7.34
9.00% 10.15 9.00 8.4 8.05
10.00% 10.75 9.66 9.09 8.78
11.00% 11.37 10.33 9.81 9.53
12.00% 12.01 11.02 10.54 10.29
13.00% 12.66 11.72 11.28 11.07
Example: $45,800 Loan – 10% for 30 Years = Monthly Payment Solution: 45.8 x 8.78 = $402.12 Monthly Payment
![Page 30: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/30.jpg)
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Estimated Purchaser Cost Form Calculating Principle and Interest
The factor represents the amount paid per month on a loan of $1,000.
Divide the loan amount by 1000
Multiply by the indicated factor = Principle and Interest
![Page 31: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/31.jpg)
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Estimated Purchaser Cost Form Estimated Monthly Payment
Principle and Interest + 1/12 Annual Property Tax
+ 1/12 of Annual Homeowners Insurance + Mortgage Insurance
+ Other
Total Monthly Payment
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ESTIMATE OF COST TO BUYER Seller _________________________________ Date Prepared _________________________ Address _______________________________ Projected Closing Date __________________ Purchase Price $ _______________________ Loan Amount $ _________________________ Loan Type ________________________ Interest Rate _______(%) Term (Years) ________ Financing Costs
1. Down Payment $ _________________
2. Closing Costs + $ _________________
3. Loan Discount (Points) + $ _________________
![Page 33: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/33.jpg)
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ESTIMATE OF COST TO BUYER Seller ________ Karlie Sinclair ____________ Date Prepared _____ March 10, 20xx _____ Address ________ 1220 Willow Way _______ Projected Closing Date __ April 15, 20xx __ Purchase Price $ __ 90,000.00 ____________ Loan Amount $ __ 81,000.00 ____________ Loan Type __ 90% Conventional ____ Interest Rate _ 6.00 _(%) Term (Years) __ 30 ___ Financing Costs
1. Down Payment $ _________________
2. Closing Costs + $ _________________
3. Loan Discount (Points) + $ _________________
![Page 34: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/34.jpg)
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ESTIMATE OF COST TO BUYER Seller ________ Karlie Sinclair ____________ Date Prepared _____ March 10, 20xx _____ Address ________ 1220 Willow Way _______ Projected Closing Date __ April 15, 20xx __ Purchase Price $ __ 90,000.00 ____________ Loan Amount $ __ 81,000.00 ____________ Loan Type __ 90% Conventional ____ Interest Rate _ 6.00 _(%) Term (Years) __ 30 ___ Financing Costs
1. Down Payment $ __ 9,000.00 ______ 2. Closing Costs + $
_________________ 3. Loan Discount (Points) + $
_________________
![Page 35: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/35.jpg)
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ESTIMATE OF COST TO BUYER Seller ________ Karlie Sinclair ____________ Date Prepared _____ March 10, 20xx _____ Address ________ 1220 Willow Way _______ Projected Closing Date __ April 15, 20xx __ Purchase Price $ __ 90,000.00 ____________ Loan Amount $ __ 81,000.00 ____________ Loan Type __ 90% Conventional ____ Interest Rate _ 6.00 _(%) Term (Years) __ 30 ___ Financing Costs
1. Down Payment $ __ 9,000.00 ______ 2. Closing Costs + $ __ 1,230.00 ______ 3. Loan Discount (Points) + $ __ N/A
___________
![Page 36: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/36.jpg)
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ESTIMATE OF COST TO BUYER Escrow Establishment Charges
4. Taxes (_ 13 _ months @ $_ 87.50 _/month) $ __ 1,137.50 ______ 5. Homeowner’s Insurance + $
_________________ 6. Mortgage Insurance + $
_________________ 7. Prepaid Interest (______ days @ $______/day) + $
_________________
![Page 37: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/37.jpg)
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ESTIMATE OF COST TO BUYER Escrow Establishment Charges
4. Taxes (_ 13 _ months @ $_ 87.50 _/month) $ __ 1,137.50 ______ 5. Homeowner’s Insurance + $ ____ 141.25
______ 6. Mortgage Insurance + $
_________________ 7. Prepaid Interest (______ days @ $______/day) + $
_________________
![Page 38: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/38.jpg)
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ESTIMATE OF COST TO BUYER Escrow Establishment Charges
4. Taxes (_ 13 _ months @ $_ 87.50 _/month) $ __ 1,137.50 ______ 5. Homeowner’s Insurance + $ ____ 141.25
______ 6. Mortgage Insurance + $ ____ 129.60
______ 7. Prepaid Interest (______ days @ $______/day) + $
_________________
![Page 39: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/39.jpg)
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ESTIMATE OF COST TO BUYER Escrow Establishment Charges
4. Taxes (_ 13 _ months @ $_ 87.50 _/month) $ __ 1,137.50 ______ 5. Homeowner’s Insurance + $ ____ 141.25
______ 6. Mortgage Insurance + $ ____ 129.60
______ 7. Prepaid Interest (_ 16 _ days @ $_ 13.50_/day) + $ ____ 216.00
______
![Page 40: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/40.jpg)
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ESTIMATE OF COST TO BUYER Miscellaneous Charges
8. Homeowner’s Insurance (First Year’s Premium) $ _____ 565.00 _____
9. Loan Transfer Fee + $ _________________
10. Purchase of Seller’s Escrow Account + $ _________________
11. Proration of Property Taxes (County and City) + $ _________________
12. Georgia Transfer Tax + $ _________________
13. Other ____________________________________ + $ _________________
![Page 41: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/41.jpg)
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ESTIMATE OF COST TO BUYER Miscellaneous Charges
8. Homeowner’s Insurance (First Year’s Premium) $ _____ 565.00 _____
9. Loan Transfer Fee + $ __ N/A ___________
10. Purchase of Seller’s Escrow Account + $ __ N/A ___________
11. Proration of Property Taxes (County and City) + $ __ N/A ___________
12. Georgia Transfer Tax + $ _________________
13. Other ____________________________________ + $ _________________
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ESTIMATE OF COST TO BUYER Miscellaneous Charges
8. Homeowner’s Insurance (First Year’s Premium) $ _____ 565.00 _____
9. Loan Transfer Fee + $ __ N/A ___________
10. Purchase of Seller’s Escrow Account + $ __ N/A ___________
11. Proration of Property Taxes (County and City) + $ __ N/A ___________
12. Georgia Transfer Tax + $ ______ 90.00 _____
13. Other ____________________________________ + $ __ N/A ___________
![Page 43: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/43.jpg)
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ESTIMATE OF COST TO BUYER Credits
14. Proration of Property Taxes (County and City) $ _____ 302.05 _____
15. Earnest Money Deposit + $ _________________
16. Other ____________________________________ + $ _________________
17. TOTAL ESTIMATE OF COST TO BUYER + $ _________________
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ESTIMATE OF COST TO BUYER Credits
14. Proration of Property Taxes (County and City) $ _____ 302.05 _____
15. Earnest Money Deposit + $ ___ 2,000.00 _____ 16. Other ____________________________________ + $
_________________ 17. TOTAL ESTIMATE OF COST TO BUYER + $
_________________
![Page 45: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/45.jpg)
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ESTIMATE OF COST TO BUYER Credits
14. Proration of Property Taxes (County and City) $ _____ 302.05 _____
15. Earnest Money Deposit + $ ___ 2,000.00 _____ 16. Other ____________________________________ + $ __ N/A
___________ 17. TOTAL ESTIMATE OF COST TO BUYER + $ __ 10,207.30 _____
![Page 46: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/46.jpg)
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ESTIMATE OF COST TO BUYER Estimated Monthly Payment
A. Principal and Interest $ _____ 486.00 _____
B. Homeowner’s Insurance + $ _________________
C. Mortgage Insurance + $ _________________
D. Property Taxes + $ _________________
E. Other + $ _________________
F. Other + $ _________________
G. TOTAL + $ _________________
Projected Due Date of First Payment ___________________________________________
![Page 47: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/47.jpg)
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ESTIMATE OF COST TO BUYER Estimated Monthly Payment
A. Principal and Interest $ _____ 486.00 _____
B. Homeowner’s Insurance + $ ______ 47.08 _____
C. Mortgage Insurance + $ _________________
D. Property Taxes + $ _________________
E. Other + $ _________________
F. Other + $ _________________
G. TOTAL + $ _________________
Projected Due Date of First Payment ___________________________________________
![Page 48: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/48.jpg)
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ESTIMATE OF COST TO BUYER Estimated Monthly Payment
A. Principal and Interest $ _____ 486.00 _____
B. Homeowner’s Insurance + $ ______ 47.08 _____
C. Mortgage Insurance + $ ______ 43.20 _____
D. Property Taxes + $ _________________
E. Other + $ _________________
F. Other + $ _________________
G. TOTAL + $ _________________
Projected Due Date of First Payment ___________________________________________
![Page 49: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/49.jpg)
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ESTIMATE OF COST TO BUYER Estimated Monthly Payment
A. Principal and Interest $ _____ 486.00 _____
B. Homeowner’s Insurance + $ ______ 47.08 _____
C. Mortgage Insurance + $ ______ 43.20 _____
D. Property Taxes + $ ______ 87.50 _____
E. Other + $ _________________
F. Other + $ _________________
G. TOTAL + $ _________________
Projected Due Date of First Payment ___________________________________________
![Page 50: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/50.jpg)
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ESTIMATE OF COST TO BUYER Estimated Monthly Payment
A. Principal and Interest $ _____ 486.00 _____
B. Homeowner’s Insurance + $ ______ 47.08 _____
C. Mortgage Insurance + $ ______ 43.20 _____
D. Property Taxes + $ ______ 87.50 _____
E. Other + $ __ N/A ___________
F. Other + $ __ N/A ___________
G. TOTAL + $ _____ 663.78 _____
Projected Due Date of First Payment ___________________________________________
![Page 51: Buyer’s Cost - Donald Free School of Real Estatedonaldfreerealestateschool.com/wp-content/uploads/... · Buyer’s Cost . 2 Estimated Purchaser Cost Form When to use the form: 1.](https://reader033.fdocuments.us/reader033/viewer/2022053014/5f134dd7fa09df5ba160c067/html5/thumbnails/51.jpg)
51 51
ESTIMATE OF COST TO BUYER Estimated Monthly Payment
A. Principal and Interest $ _____ 486.00 _____
B. Homeowner’s Insurance + $ ______ 47.08 _____
C. Mortgage Insurance + $ ______ 43.20 _____
D. Property Taxes + $ ______ 87.50 _____
E. Other + $ __ N/A ___________
F. Other + $ __ N/A ___________
G. TOTAL + $ _____ 663.78 _____
Projected Due Date of First Payment _____ June 1, 20xx _________________________