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. � Program Comparisons <br /> Assist Pro ram vs. IDHA Standard Pro ram vs. IDHA Teaser <br /> 9 9 <br /> _ Program <br /> ASSIST IDHA IHDA <br /> PARAMETERS 6.75% 8.30% 5.00% (5.25%) <br /> Purchase Price $120,000.00 $120,000.00 $120,000.00 <br /> 1st Mortgage/Loan Amount $119,167.00 $114,000.00 $114,000.00 <br /> Mortgage Insurance Reserve $98.00 $171.00 $171.00 <br /> Mort age Insurance Premium $2,049.00 n/a n/a � <br /> Ori ination Fee $1,171.00 n/a n/a <br /> Commitment Fee $300.00 n/a n/a <br /> Closing Cost Assistance $5,064.00 n/a ($1,000.00) <br /> Cash to Close (Totais) $592.77 $8,117.50 $6,117.50 I <br /> TOTAL MONTHLY OBLIGATIONS <br /> Principal � Interest $772.91 $860.46 $629.51 '� <br /> i Mortgage Insurance $49.00 $85.00 $85.00 <br /> Taxes 8� Insurance $221.00 $221.00 $221.00 <br /> Total Monthly Payment $1,042.91 $1,166.46 $935.51 ' <br /> Mortgage Credit n/a n/a n/a <br /> Net Monthly Pa ment n/a n/a n/a <br /> EQUITY GROWTH <br /> Monthly Principal � Interest $772.91 $860.46 $629.51 <br /> Monthly Principal $102.24 $168.55 $130.76 � <br /> Monthly Interest $670.67 $691.91 $498.75 <br /> 7 Years - Principal Balance $108,189.29 $105,841.66 $100,760.75 i <br /> Equity Growth " $11,810.71 $14,158.34 $19,239.25 <br /> 'does not include market appreciaUon <br /> IHDA Ratios = 28/36 ' <br /> ASSIST Ratios = 29/41 * <br /> *Assist lenders have the ability to use automated underwriting which allows for ratios beyond I <br /> 29/41 in many situations. This also allows additional flexibility with derogatory credit. � <br />