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Providential Real Estate     SEATTLE  -  SAN DIEGO  -  LOS ANGELES  -  IRVINE

© 2015 Providential Real Estate

5711 Erlanger Street

3 Beds • 1.5 Baths • 1,273 sqft • 2 garage spaces, 2 uncovered spaces

Purchase Price: $375,000
Downpayment: 20% ($75,000)
Loan Amount: $300,000
Monthly mortgage: $1,485 at 4.3% interest for 30 years
Interest tax deductible amount: $1,075/month*
Net interest savings: $3,612/year*

HOA: $279/month
Property Taxes: $391/month
Insurance: $35/month
Total monthly payment: $2,190

2 roommates, each paying $750/month = -$1,500
Owner's monthly payment = $690
Monthly tax savings = -$301*

OWNER'S REALIZED MONTHLY PAYMENT = $389*

*Based on 28% tax bracket. Actual numbers may vary.