$390k Single Family

Moreno $389,990 (~$2,600/mo)

• 1,031sf Two-story Single Family Home w/2-car garage
  
  • 2 bedrooms + flex room
  • 2.5 bathrooms
  • Open concept main level
  • Fenced yard + covered porch
• Included Upgrades:
  • Powder bath added on main level
  • Balcony added off main living area

Location

• 1.8 miles to Costco (5 min)
• 2.4 miles to Walmart (7 min)
• 6.6 miles to Cinemark in American Fork (12 min)
• 7.1 miles to Thanksgiving Point (14 min)
• 36 miles to SLC Airport (40 min)

*Monthly Payment Calculations

• Qualifies for $20,000 Utah Housing down payment assistance
  • 3.5% down payment
    • Moreno #142 - $13,370 ($6,630 remaining for closing costs)
    • Albright #143 - $14,595 ($5,405 remaining for closing costs)
    • Rand #141 - $15,365 ($4,635 remaining for closing costs)
• 1.5% loan origionation fee
  • Moreno #142 - $5,530
    • Loan Amount: $368,620
    • $6,630 remaining from Utah Housing $20,000
    • Out of pocket cost: $0 + $1,101 left to go towards prepaids 
  • Albright #143 - $14,595 
    • Loan Amount: $402,395
    •  $5,405 remaining from Utah Housing $20,000
    • Out of pocket cost: $631 + prepaids 
  • Rand #141: $6,355
    • Loan Amount: $423,625
    • $4,635 remaining from Utah Housing $20,000
    • Out of pocket cost: $1,720 + prepaids

• Current Mortgage Rate on Utah Housing FHA for first week of June: 6.875% 
  • $20,000 Preffered Lender Incentive to buy-down the interest rate 
    • Moreno #142 - $368,620
      • $20,000 buys down the rate to 5.75%
    • Albright #143 - $402,395
      • $20,000 buys down the rate to 5.875%
    • Rand #141: $423,625
      • $20,000 buys down the rate to 5.875%

• • Monthly Principle & Interest Payments 
    • Moreno #142 - $368,620 at 5.75%
      • $2,151 (+ tax, insurance & ~$135 HOA)
    • Albright #143 - $402,395 at 5.875%
      • $2,380 (+ tax, insurance & ~$135 HOA)
    • Rand #141: $423,625 at 5.875%
      • $2,506 (+ tax, insurance & ~$135 HOA)