Purchase Scenario — Jon Tober

1

The purchase

Structure the first and second mortgage.

Purchase price $

01

Down payment

% — minimum down Minimum down payment: —

02

First mortgage

— Capped at $832,750 First mortgage rate

03

Second mortgage portion

$

Maximum second lien: —

This amount can be lowered. Any reduction requires additional cash at closing.

Second mortgage rate Second mortgage term

Property tax rate Starts at 1.60% and can be edited. Homeowners insurance per month

Calculated property taxes — Purchase price × tax rate ÷ 12

Purchase payment breakdown

2

The rental HELOC

Rental property value Current mortgage balance Current mortgage payment Expected monthly rent HELOC interest rate Interest-only payment estimate.

Complete monthly picture

—

HELOC payment breakdown

Rental income—

Current mortgage payment—

HELOC payment—

Monthly rental gain —

Illustration only

This is for illustration purposes only.

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