Joan DeSantis Homes

  Sales Price:                       $184,500                 521 Constellation Square # J               $184,500

  Loan Amount:                    $178,965

  Interest Rate:                            6%

  Annual Real Estate Taxes:     $2,103

  Monthly Rent:                        $1,200

  Your Annual Income:            $68,000         

 This home sold in under 60 days, but there are more like it.

                                                                    I can show you all of them! 

"ACTUAL" PAYMENT COMPARISON                                   OWN                 or            RENT  ?

                        P & I 1st Trust FHA 30-Year Fixed                 $1,073                                    $0

                        MONTHLY TAXES                                               $175                                     $0

                        MONTHLY MORTGAGE INS.                               $75                                     $0

                        MONTHLY CONDO FEE OR HOA FEE           $200                                     $0

                        MONTHLY HAZARD INSURANCE                      $30                                    $0

                        TOTAL MONTHLY PAYMENT                          $1,553                               $1,200

TAX BENEFITS AS A HOMEOWNER                                                   

      ANNUAL INTEREST WRITE - OFF                               $10,681                                    $0                          

      ANNUAL MORT. INS.  WRITE OFF                                     $900                                    $0                      

 +   ANNUAL REAL ESTATE TAX WRITE-OFF                      $2,103                                   $0 

       TOTAL ANNUAL WRITE - OFF                                       $13,684                                  $0   

(YOU MAY DEDUCT THIS AMOUNT FROM YOUR ANNUAL INCOME)

   BASED ON AN ANNUAL WRITE - OFF OF  

    $13,684 AND A TAX BRACKET OF  25%,   

   YOUR MONTHLY SAVINGS WOULD BE...                             $285                                 $0

(DEDUCT LESS TAXES FROM YOUR PAYCHECK AND YOU CAN

INCREASE YOUR  MONTHLY TAKE-HOME PAY BY THIS AMOUNT)

"NET" PAYMENT COMPARISON                                                OWN               or          RENT  ?

                        MONTHLY PAYMENT                                         $1,553                           $1,200           

                        LESS TAX SAVINGS                                           -  $285                                - $0     

                        YOUR  REAL MONTHLY PAYMENT                 $1,268                            $1,200            

 IN ADDITION, PART OF YOUR MONTHLY                                                     

 MORTGAGE PAYMENT IS "PRINCIPAL" WHICH                                                           

 IS MONEY THAT IS BUILDING EQUITY IN YOUR HOME.             

 THE AVERAGE AMOUNT OF PRINCIPAL PER PAYMENT

 DURING THE FIRST YEAR IS....                                               +$183                               $0   

This example is for comparison purposes only. Please consult your tax advisor before purchasing.