Purchase Price                                  $400,000

Downpayment – 5%                       $20,000

3% – 25yr amortization                  $1,798.33 (PI)

Federal Incentive – 5%                  $20,000

Reduces Monthly Mortgage        $1,703.68 (PI)

Annual Savings                                 $1,135.75 ($28,393.75 over 25yrs)

The incentive will need to be repaid as a percentage of the home’s current value at the time of sale (5% of current value)

Contact me for further information on this valuable Federal First-Time Home Buyer Incentive.  Applications must be filed prior to closing.

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