📄 Loan Breakdown – Real Deal in Brooklyn! 🏙️

Buying a home in Brooklyn doesn’t have to feel like an impossible dream and here’s proof! This buyer just locked in an $830,000 property in Kings County with only 5% down.

Here’s how the numbers came together:

• Credit Score: 740 ✅

• Income: $213K (Union Worker) 💼

• Loan Type: Conforming Conventional 30-Year Fixed

• Interest Rate: 7.375%

• Monthly Payment (CD): $6,515.42

• Total Monthly Liabilities: $662.19

• Property Taxes: $8,142.24

• Homeowners Insurance: $3,193

💰 Closing Costs Breakdown (CD):

• Section A – Origination Charges: $1,195

• Section B – Services You Cannot Shop For: $980

• Section C – Services You Can Shop For: $3,842

• Section E – Taxes & Other Government Fees: $15,457

• Section F – Prepaids: $4,399

• Section G – Initial Escrow Payment at Closing: $2,833

This shows that with strong credit, steady income, and the right loan program, you can make Brooklyn home even with a lower down payment. 🏡 Whether you’re a first-time buyer or looking to upgrade, understanding your loan breakdown is the first step to making confident real estate moves.

📲 Ready to review your numbers? DM @LJMortgageTeamInc or call (516) 218-1297 to schedule your free consultation.

LJ – Your Local Guide to Homeownership!

127-03 Rockaway Blvd • South Ozone Park, NY 11420

LJ Realty Team | Buy – Sell – Rent | Equal Housing Opportunity

LJ Mortgage Team Inc. NMLS# 2120286

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