Total Costs Worksheet

Simply fill in the shaded cells from top to bottom to estimate your costs and payments for the purchase of your home. The numbers following the descriptions lead to detailed descriptions bellow.

	Totals		Buyer's Cost
Purchase Price 1	$
Amount Financed 2	$332,910
Sale Expenses:
Down Payment 3	$36,990	%	$36,990
Closing Costs 4	$8,323		$8,323	%
Empire Realty Rebate 5			$(1,500)
TOTAL OUT OF POCKET:			$43,813
	Monthly		Yearly
1st Mortgage 6	$1,727	%	Fixed	%
2nd Mortgage 7	$193	%	5/1 ARM	%
HOA Dues 8	$
Property Taxes 9	$339	%	$4,069
Home Insurance 10	$43	%	$518
Gross Monthly Payment 11	$2,302
				Combine tax rate
Tax Savings 12	$493		$5,913	%
NET MONTHLY PAYMENT 13	$1,809

1. The Net Offer amount.
2. Total amount financed
3. Total Down Payment as a percent of the Net Offer amount.
4. Estimated Closing Costs including Loan Origination, Escrow, Pre-paid Fees and Misc. Fees.
5. Empire Realty's Rebate - $1,500
6. 1st Mortgage as a percent of the Net Offer amount
7. 2nd Mortgage as a percent of the Net Offer amount. The Down Payment, 1st and 2nd mortgage percentages must add up to 100%
8. Home Owner Association dues if applicable
9. Property Taxes - Based on tax rate for the property purchased
10. Home Insurance as a percent of the Net Offer Amount
11. Gross Monthly Payment before Tax Benefits are applied
12. Tax Savings - Enter your incremental tax rate State and Federal combine
13. Net Monthly Payment - Payment once tax benefits are applied

The fees, costs and proceeds are estimates, actual numbers will vary. There are no guarantees or warrantees associated with this tool.
* Interest is based on a 30Year Fixed Term loan.