A real estate agent gives a walking tour of a house for sale in Anaheim, CA, starting outside and moving through the interior rooms and backyard. As she tours the property, she systematically breaks down the financial requirements to purchase it, using text overlays to detail the down payment, loan amount, monthly mortgage, taxes, insurance, and PMI. She concludes by calculating the total required annual income for two different debt scenarios and provides a call-to-action for a private tour.
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NEW LISTING | Anaheim, CA
3 bed | 2 bath | 1,128 sqft
Selling for: $899,999
DM ‘Anaheim’ for the full tour 🏡
Listed by: Lily Le
Marketed by: @thenetwork.realestate @elisaestates
Transcript
This is how much you need to make to live in this home in Anaheim, California that's listed for $900,000 Let's break down the numbers. This three bedroom, two bath home is just minutes away from Disneyland, and the best part is there's no HOA. So let's say you put 5% down. That's about $45,000 upfront, leaving you with a loan of about $854,999 with a 6.25% interest tier. And assuming you have a credit score of 740 or higher, your monthly mortgage comes out to $5,260 Property taxes come out to about $937 Your homeowner's insurance comes out to about a $120 per month, and your PMI is 249. All in would be $6,566 Assuming that you have zero other debts, you need to make a $175,100 per year. However, let's say you have about $1,500 in best, you need to make 215,100 to comfortably live here. One strategy many buyers are using right now is house hacking. Purchasing with a partner or friend, building equity, and splitting the mortgage instead of renting. DM Anaheim if you'd like a private tour today of this property.