Sales Price: $157,560 Down payment: $7,878 (assumes 5% down payment) Monthly taxes: $83 (subject to local tax rate changes) Monthly condo fee: $134 Monthly homeowners insurance: $74 (estimate) Estimated Total Monthly Payment: $1,050 Frequently Asked Questions Why is the price so low? This condo is meant to help a low- or moderate-income household become homeowners. The price is set at a level that these households can afford. In return for the low price, a deed restriction is placed on the condo to make sure it stays affordable over time. If I sell the unit in the future, will I earn a profit? The deed restriction limits the amount of profit you can make on this unit. You should not expect to make much of a profit when you sell in the future. You will, however, gain the equity that you have built by paying down your mortgage over time. For information on the deed restrictions, go . to the Department of Housing and Community Development website: What does the condo fee include? Water/sewer, master insurance, snow removal, landscaping Are pets allowed? Yes Pictures? Please see the fact sheet available on our website: Additional photos of a similar unit
Sales Price: $157,560 Down payment: $7,878 (assumes 5% down payment) Monthly taxes: $83 (subject to local tax rate changes) Monthly condo fee: $134 Monthly homeowners insurance: $74 (estimate) Estimated Total Monthly Payment: $1,050 Frequently Asked Questions Why is the price so low? This condo is meant to help a low- or moderate-income household become homeowners. The price is set at a level that these households can afford. In return for the low price, a deed restriction is placed on the condo to make sure it stays affordable over time. If I sell the unit in the future, will I earn a profit? The deed restriction limits the amount of profit you can make on this unit. You should not expect to make much of a profit when you sell in the future. You will, however, gain the equity that you have built by paying down your mortgage over time. For information on the deed restrictions, go to the Department of Housing and Community Development website: . What does the condo fee include? Water/sewer, master insurance, snow removal, landscaping Are pets allowed? Yes Pictures? Please see the fact sheet available on our website: Additional photos of a similar unit
5-Repton-Circle-Unit-5308-Fact-Sheet.docx