How to buy a 3 bedroom home in Cardiff by the Sea for $2000/m?

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Mortgage and Lending with Capital Loan Associates NMLS #229167

 

You may qualify for down payment assistance if you are a First Time Home Buyer and your income does not exceed the following limits:

Family Size:  

1- $44,250                   5- $68,250

2- $50,550                   6- $73,300

3- $56,900                   7- $78,350

4- $63,200                   8- $83,400

 

Example: Family of 4 purchases a Condo for $350,000 and receives $55,500 in down payment assistance.

Purchase Price:             $350,000                     Effective monthly payment

DCCA loan:                 $  45,000                     P&I      $1634.00

Chdap                          $  10,500                     Taxes   $  364.58

Borrower's funds:         $  15,000                     Hoa      $  277.00

                                                                        MCC   $ -268.33

First Mortgage: $280,000                                             $2007.25

 

Loan information is based on a 30 year fixed rate of 5.75% apr. 5.762%

Want to get pre-approved?  Apply now

 

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