Parkview Homes: Financing

Update: All homes are sold. Project is complete.

Market Rate Sales​

  • Phase 1 target price points for the  market rate homes are $675,000. ​​
  • All market rate sales require owner-occupancy.​​
  • The homeowner may live in either the three bedroom or the one-bedroom home but cannot rent both homes. ​​
  • Homebuyers will have access to a Landlord/Tenant Education program. ​

Market Rate Financing​

Financing figures below are an estimate based on Sept market conditions. 

Financing Options ​

10 Percent Down ​

20 Percent Down ​

Down Payment ​

$67,500​

$135,000​

Closing Costs​ [3% estimate]​

$18,225​

$16,200​

Monthly Payment ​

$3,327.16​

$2,910.24​

Less Rental Income ​

$1,200​

$1,200​

Monthly Net Payment ​

$2,127.16​

$1,710.24​

 

Affordable Home Sales

  • Phase 1 target price points for the affordable homes are $325,000​
  • At least 20 percent of the sales will be affordable deed restricted.​
  • All Affordable Home Sales require owner occupancy in the 3 bed/2 ½ bath home.​
  • The garage apartment can be rented at market rate value and without any income qualifications. ​
  • Affordable homebuyers will receive: ​

   Homebuyer Counseling​

  • Homebuyer Education ​
  • Landlord/Tenant Education​

Affordable Home Financing​

Financing figures below are an estimate based on Sept market conditions. 

Financing Options ​

3 Percent Down ​

10 Percent Down ​

Down Payment ​

$9,750​

$32,500​

Closing Costs​ [3% estimate]​

$9,457.50​

$8,775​

Monthly Payment ​

$1,686.28​

$21,587.33​

Less Rental Income ​

$1,200​

$1,200​

Monthly Net Payment ​

$486.28​

$387.33​