10 bargain <b>homes for sale</b> now - MSN Real Estate

These homes are still over priced for the average american Buyer. LETS BE HONEST

and dont try to hood wink the new buyers. This is propaganda>

Facts:

1. Median household income             $50,046.00

2. Average new house price             $246,800.00

3. Average resale home price           $216,800.00

4. Bank of America 30 fixed rate  4.241 apr

5. Purchase of new home $246800.00

• 30 year fixed
• Bank of america fees $ 1,267.00
• third party fees                6,007.00
• prepaid items                   1,314.00
• Escrow Fund                      718.00
• TOTAL CLOSING          $9,306.00
• Down payment   5 % $12,300.00
• Total cash required    $21,606.00
•  Payment PITI                  $1677.00

INCOME REQUIRED AT 30% TO HOUSING TO INCOME

• $5590.00 x 12  =  $67,080.00 YEARLY.

PER BANK OF AMERICA IF YOU CAN DIGEST THE ABOUT YOUR IN LUCK. DONT FORGET  YOU NEED A STABLE JOB AND GOOD CREDIT.

INFORMATION PROVIDED BY US Census Bureau, US Department of Commerce and BANK OF AMERICA. YOU are in good hands.               

   

 

 

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