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washington value: The return of housing affordability in Washington- from a lenders perspective - 01/17/11 09:31 PM
So I posted an article from NAR on Facebook and someone commented what if values drop another 10% and here is my answer.
Ok- Let’s run the numbers at a 10% drop the first year of ownership but a conservative 2% year after year 2-5 and say we have a $200,000 purchase with 10% down at 4.5% on a Lender Paid Mortgage Insurance (LPMI) program with a $180,000 loan today we have a payment of $912 and $235 for T&I vs. rent at $1250 and rental insurance at $25.00.
So $1275 to rent vs. $1147.00 to own assuming a 28% tax … (0 comments)

 
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Bill Black CMP CDPE MLO #49242

Vancouver, WA

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Directors Mortgage

Address: 2101 NE 129th Street #219, Vancouver, Wa, 98660

Office Phone: (360) 326-8891

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