Escondido
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Maximum gross income:
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| Family Size: |
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| 1-$60,500 |
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5-$93,400 |
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| 2-$69,200 |
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6-$100,300 |
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| 3-$77,900 |
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7-$107,300 |
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| 4-$86,500 |
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8-$114,200 |
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| 5% of the purchase price or $25,000 silent second loan |
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| Additional $7,500 may be available for closing costs through a county program |
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| This loan may be used in conjunction with a 3% of purchase price silent 3rd mortgage |
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| The MCC program is also available |
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| There is no personal minimum contribution of funds required. |
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| Example: Family of 4 with an annual income of $72,000 purchase a home for $350,000 |
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| Purchase Price: |
$350,000 |
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Effective monthly payment |
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P&I |
$1,812.48 |
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| Escondido second |
$25,000 |
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Hazard ins. |
$55.00 |
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| Silent 3rd |
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$10,500 |
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Taxes |
$364.58 |
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Mtg Ins |
$130.23 |
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| First Mortgage |
$314,500 |
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MCC |
-$292.62 |
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2069.67 |
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| Closing Costs |
$7,537.00 |
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| Prepaids |
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$2,472.17 |
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| Silent 4th |
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-$5,000.00 |
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| Funds to close |
$5,009.00 |
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Loan information is based on a 30 year fixed rate of 5.5% apr. 6.069%
Interest rates are subject to change.
Want to get pre-approved? Apply Online
City of Escondido programs
Affinity Financial - 10650 Treena St #103 - San Diego, CA 92131
Office Phone: (858) 693-5400
Fax: (858) 693-4050
Toll Free Phone: 866-365-6428
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