|
|
•Example
|
A Simple Example
|
| $400,000 |
................................... Appraised price of house |
| $300,000 |
................................... Asking price of house |
 |
|
| $100,000 |
................................... Rebate or 75% LTV |
| |
|
| $ 8,000 |
................................... 2% Seller’s Closing Cost |
| $12,000 |
................................... 3% Realtor’s Fees |
| $12,000 |
................................... 3% Buyer’s Closing Cost |
|
|
| $32,000 |
................................... 8% Total Closing Cost Fees |
| $40,000 |
................................... 10% Buyer’s Down Payment |
|
|
| $72,000 |
................................... 18% Total Amt Needed to Close |
|
|
| $28,000 |
................................... 7% DREAMS Membership Fee |
|
|
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