Harper's Place
Gregory Choong Hr.7 Colwell
The House!
- This house is at 9122 W 92nd Place, Overland Park KS, 66210 with 5 beds, 2 Full/ 1 Half baths, and 2,960 sqft of space!
- The house's listing price is $169,950.
Accounting the Mortgage
- For this house, the lenders are willing to loan $152,995.
- The interest rate would be at 4.75% for a 30 year loan.
- The minimum payment required to pay off the loan will be $1,151 per month. (After taxes and mortgage insurance).
Harper's Payments
Aligning all of Harper's payments, she has to pay: (Picture is regarding the Student Loan)
- $325 a month for her car.
- $15.41 a month for her student loans.
- About $211 a month for her Cost-of-Living.
Harper gets payed $4083 a month after taxes. ($49,000 / 12 = 4083)
When subtracting her payments, Harper gets a net pay of $3,531.59!
(Harper would have about $1,000,000 dollars in 30 years!)
Making It Cheaper?
If Harper increased the payment 15% she would pay $1323.65.
It would only take 12.9 years to pay off the loan! Harper would cut off 17 years!
It's about a $209,459 dollar savings!