South Philadelphia is my home and is where I was born and raised. The Rothman Institute has multiple locations in Center and South Philadelphia, especially in the Sports Complex where the Eagles practice. It is convenient for me to get to and from the Rothman Institute in less than a half hour.
The pre-approval source allows me to purchase a house at $247,100. My annual income is $60,000 with a credit score of 750. Meanwhile, I will be making a $9,000 down payment on this house.
Address: 2212 S. Carlisle street
Number of Bedrooms: 3
Number of Bathrooms: 2
Price: $235,000
Lot Size: 1,008 square feet
Amenities: Central Air, Close to the Subway, Street Parking
Year was built: 1918
Other: Gas Heating and Verizon Fios TV and internet
Costs:
Down Payment: $9,000
Property Tax: $2,138.50
Title Insurance: $1,575
Processing Fee: $2,350
Flood Cert: $20
Mortgage Application Fee: $150
Commitment Fee: $370
Appraisal: $500
Total: $16,103.50
House Price: $242,103.50
Mortgage Amounts:
Property Value: $242,103.50
Down Payment: $9,000
Credit Score: 750
Number of Years (Loan Term): 30 years fixed
Mortgage Rate: 3.875%
Monthly Mortgage Payment: $1,105/mo.
Can I afford it?
Yes, I will be paying a monthly payment of $1,105 while having a monthly income of $5,000. The percent of my monthly income going towards my mortgage would be 22.1%.
