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QUALIFYING INCOMES FOR THE
FINANCIALLY UNINFORMED
For those that think that they
can only afford a PRODUCTION HOME,THINK AGAIN;
You can afford to buy a
DESIGN-BUILT CUSTOM HOME
Do you know what
happens when you say” I do not want to spend more than $360,000 for a
new home”, But, your combined ACTUAL INCOME IS OVER $70,000?
Based upon today’s market you have placed “self imposed” limits
on yourself and you are compelling yourself to buy a Production Home
where you are offered three models and a couple of front elevations;
thus living in a community of stereotyped homes where the range in price
is negligible; or not buying at all; losing any attained appreciation
over a period of time. In this situation you are not buying value,
only space.
Do you know that for
the same investment you can buy a Designed-Built custom home
accommodating your ideas that will meet your family's needs?
When a person is told that this might cost more than they anticipated,
they panic. They envision a tremendous increase in monthly
carrying costs and give no thought of future value or tax savings.
If you were told that you could accomplish this and it would only cost a
few dollars more per month, would that make a difference to you?
IF IT DOES DO NOT BUY.
THE TABLE SHOWS YOU THE DIFFERENCE IN COSTS
BETWEEN VARIOUS SELLING PRICES
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THE TABLE SHOWS YOU
THE DIFFERENCE IN COSTS BETWEEN VARIOUS SELLING PRICES |
|
Selling Price |
$300,000 |
$350,000 |
$400,000 |
|
Total cash required with 5% down |
$ 15,000 |
$17,600 |
$ 20,000 |
|
*Note: Financing available from 5% down,
Inquire about different programs available |
Mortgage type 5% interest
Monthly Principal and Interest
(add taxes, Ins, Approx. $300 structured with no mortgage insurance) |
Conv/30yr.
$1510
|
Conv30yr.
$1762
|
Conv/30yr
$2014
|
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Qualifying Income Required
Insert your income here and see if you are qualified for
"THE HOME OF YOUR DREAMS”
|
$60,000
$ |
---to---
$ |
$70,000
$ |
|
Monthly Principal and Interest after
tax savings
(plus R.E.
taxes & Ins. - Approx. $300) |
$1011 |
$1180 |
$1300 |
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THE DIFFERENCE IN MONTHLY COSTS TO BUY A DESIGN BUILT CUSTOM HOME: |
|
BETWEEN EACH PRICE UPGRADE |
$---- |
$169 |
$329 |
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