MONTHLY $2,400

INSURANCE $30

====

TOTAL $2,430

YEARLY COST $29,160

TAX BENEFITS $0

NET COST $29,160

NET COST/MONTH: $2,430

$2,400 x 4 = $9,600

** Contibution form Seller, RE Broker, Gift for Buyer, Lender

MONTHLY ($305,550 30 yr fix rate mtg at 6.25%) $1,881

PVT MORT INS (PMI/MIP) $140

TAXES $208

HAZARD INSURANCE $125

====

TOTAL $2,354

YEARLY COST $28,248

TAX BENEFITS (approx) $8,166

NET COST $20,082

NET COST/MONTH: $1,674

$ 9,450 DOWN PAYMENT (3%)

$20,000 CLOSING COSTS (approx)

-$15,250 CONTRIBUTION **

====

$14,200 NEEDED TO OWN