Affordable housing in Sacramento California - low cost real estate

To give you a better idea of the tremendous value the Brooke Meadow Community holds for those interested in homeownership, we have prepared the following cost breakdown to serve as an example for you.  The home in this example has 3 bedrooms, 2 bathrooms, is 1440 square feet and has a listed sales price of $43,200.  

Brooke Meadow's pre-owned homes currently average $75 per square foot or less.  Would you believe you could buy a 1000 square foot home for only $30,000 or a 1440 square foot home for $43,200?!

Costs
(Calculations based on a $43,200 home.)

5% Down Payment: $2160 15% Down Payment: $6480

Principal & Interest
$428
Principal & Interest
$383
Property Taxes 43 Property Taxes 43
Hazard Insurance 33 Hazard Insurance 33
Lease Payment 500 Lease Payment 500
Total Monthly Payment $1004 Total Monthly Payment $959
Necessary Monthly Income $2869 Necessary Monthly Income $2740

 

10% Down Payment: $4320 20% Down Payment: $8640

Principal & Interest
$405
Principal & Interest
$361
Property Taxes 43 Property Taxes 43
Hazard Insurance 33 Hazard Insurance 33
Lease Payment 500 Lease Payment 500
Total Monthly Payment $976 Total Monthly Payment $937
Necessary Monthly Income $2789 Necessary Monthly Income $2677

Please note that these figures are given as a sample and should not be relied upon as a loan commitment.  The exact amount and rates will vary, depending upon the lender and the purchaser.  For more loan information, contact your lender or we can assist you in finding financing alternatives. THANK YOU!

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Brooke Meadow Community
3950 Mack Road  *  Sacramento CA 95823  *  916.428.6889
If you have a question, please let us know at:  brookemeadow@sbcglobal.net