Cathedral Park CDC, filling in the gaps, making our neighborhood better.

How much money do I need?

                                    With a 4% Mortgage

                   3% Down

Amount      Payment   30 year    PMI 1%    Insurance   Utilities   Total

$100,000      $3,000        $477        $83           $125         $200       $985

$110,000      $3,300        $525        $92           $135         $205     $1,051

$120,000      $3,600        $572      $100           $145         $210     $1,117

$130,000      $3,900        $620     $108            $155         $215     $1,183

$140,000      $4,200        $668     $117            $165         $220     $1,249

$150,000      $4,500        $716     $125            $175         $225     $1,316

$160,000      $4,800        $763     $133            $185         $230     $1,382

$170,000      $5,100        $811     $142            $195         $235     $1,448

$180,000      $5,400        $859     $150            $205         $240     $1,514

$190,000      $5,700        $906     $158            $215         $245     $1,580

$200,000      $6,000        $954     $167            $225         $250     $1,646

$210,000      $6,300     $1,002     $175            $235         $255     $1,712

$220,000      $6,600     $1,049     $183            $245         $260     $1,778

$230,000      $6,900     $1,097     $192            $255         $265     $1,844

$240,000      $7,200     $1,145     $200            $265         $270     $1,910

$250,000      $7,500     $1,193     $208            $275         $275     $1,976

$260,000      $7,800     $1,240     $217            $285         $280     $2,042

 

 

 

Notes:    Income figures are take-home, not gross amounts.

Income needed assumes 33% limit for mortgage payment.

No real estate taxes are included as Philadelphia has a ten year abatement for new construction.