Every month we highlight a property for sale in our area. I came across a listing for a 3 bedroom, 2 bath house located at 4120 Midnight Drive in Plano, TX on Realtor.com.
The home, presented by the Christa Paulson Real Estate Team, is first time home buyerscurrently listed for $150,000. According to the listing’s property details, the home is in the Shadow Run subdivision, a well established neighborhood only a five minute drive from Preston Ridge Trail Park and Haggard Library.  The listing goes on to highlight many great features including chair rail molding, accent lighting, beam vaulted ceilings, built-ins, lush landscaping, and many recent updates to the heating units, roof, and decking.

Let’s get an idea of what payments on this property may look like*:

Listing Price: $150,000
Let’s say you put down 20%
Your loan amount: $120,000
Assuming a note rate of 4.500% (4.792% APR)
Monthly principal and interest payment = $608.02
Monthly taxes: $261.52 (from information in the Tax History section of the listing)
Throw in another estimated $50 for homeowners insurance and you are looking at an estimated payment of $919.54

*Please note that this example is only for illustrative purposes and is not an offer to lend. Rates can and do vary. Call for current rates and closing cost information.

For information on the property, you can connect with Christa at 214-578-2886. If you have any questions regarding Plano mortgage financing, give us a call at 972-591-3097.