Disclaimer: This calculation is for estimating purposes only.

Plans and architectural fees are optional depending on the scope of work.

Total renovation cost includes bid amount, 10% contingency, and draw fee ($375 x 3).

Total loan amount- Sales price plus the total renovation cost minus the down payment.

Down payment was calculated as 3.5% of sales price and renovation cost. (Other down payment may apply based on loan product).

Monthly loan payment is the amount you’d paid monthly for a 30 year amortized loan, monthly taxes and insurances excluded.