In order to help you determine how much of a mortgage you can afford, we have included the
following table which gives you your approximate monthly payment. Please note that for exact
payment amounts, you need to contact a mortgage broker. You can also go to our Loan Calculator
page and enter different Mortgage Amounts and Interest Rates.
Interest Rate 6% 7% 8%
Mortgage Amt
$ 90,000 539.60 598.77 660.39
$ 95,000 569.57 632.04 697.08
$100,000 599.55 665.30 733.76
$105,000 629.53 698.57 770.45
$110,000 659.51 731.83 807.14
$115,000 689.48 765.10 843.83
$120,000 719.46 798.36 880.52
$125,000 749.44 831.63 917.21
$130,000 779.42 864.89 953.89
following table which gives you your approximate monthly payment. Please note that for exact
payment amounts, you need to contact a mortgage broker. You can also go to our Loan Calculator
page and enter different Mortgage Amounts and Interest Rates.
Interest Rate 6% 7% 8%
Mortgage Amt
$ 90,000 539.60 598.77 660.39
$ 95,000 569.57 632.04 697.08
$100,000 599.55 665.30 733.76
$105,000 629.53 698.57 770.45
$110,000 659.51 731.83 807.14
$115,000 689.48 765.10 843.83
$120,000 719.46 798.36 880.52
$125,000 749.44 831.63 917.21
$130,000 779.42 864.89 953.89
Mortgage Payment Information
There are a variety of ways to finance the purchase of your new home. Two popular ways are:
1. Obtain a mortgage, or
2. Lease with the option to purchase.
Please feel free to contact us to discuss other financing options.
1. Obtain a mortgage, or
2. Lease with the option to purchase.
Please feel free to contact us to discuss other financing options.
Financing Info
General Financing Information
Lease/Option Program
Are you currently renting but would rather own a home?
Our Lease/Option program might be just what you are looking for to get you off the rent rolls
and into a home of your own.
Here is how it works:
Step 1 - $ 500 Monthly Rent
$1,500 Option Fee
$2,000 to move in
Step 2 - Rent for 6 months (or up to 12 months)
Establish credit with the help of a loan officer.
Pay on time, By Check
Step 3 - Apply for a mortgage loan
Step 4 - Purchase the home
Example: $50,000 Purchase Price
-$1,500 Option Fee
$48,500 Balance to Mortgage
Option Fee is handled as a down payment
Option Fee is forfeited if home is not purchased.
*Please note that the above example is for illustration purposes only. Everyone's situation is
different.
Our Lease/Option program might be just what you are looking for to get you off the rent rolls
and into a home of your own.
Here is how it works:
Step 1 - $ 500 Monthly Rent
$1,500 Option Fee
$2,000 to move in
Step 2 - Rent for 6 months (or up to 12 months)
Establish credit with the help of a loan officer.
Pay on time, By Check
Step 3 - Apply for a mortgage loan
Step 4 - Purchase the home
Example: $50,000 Purchase Price
-$1,500 Option Fee
$48,500 Balance to Mortgage
Option Fee is handled as a down payment
Option Fee is forfeited if home is not purchased.
*Please note that the above example is for illustration purposes only. Everyone's situation is
different.
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| AMERICAN PROPERTY SOLUTIONS, INC. 32161 FORT ROCKWOOD, MICHIGAN 48173 OFFICE: (734) 379-8883 FAX: (734) 379-8832 |
