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HomeMy WebLinkAbout04-05-1015056051058 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO BOX 280601 L~ ~ ! ~) ~ 3LJ"~ _ Harrishum- PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death_ 164-64-4783 ', 07/23/2002 Decedent's Last Name _ _ _. Murlatt (If Applicable) Enter Surviving Spouse's Information Belo spouse's Last Name _ ___. Date of Birth 02/04/1979 Suffix Decedent's First Name ',Shannon Suffix Spouse's First Name MI Spouse's Social Security Number__ _ THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW Remainder Return (date of death 3 . ~' 1. Original Return ,-, . „ 2. Supplemental Return , prior to 12-13-82) Limited Estate _a~, - 4 4a. Future Interest Compromise (date of .~„„, 5. Federal Estate Tax Return Required . "" death after 12-12-82) Decedent Died Testate ...~_, 6 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes . (Attach Copy of Will) ation Proceeds Received .__ Liti 9 (Attach Copy of Trust) axO) nder Sec. 9113(A) 10. Spousal Poverty Credit (date of death °-_- 11 ~ l g _,_.,. . ttach Sch A between 12-31-91 and 1-1-95) ( CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Daytime Telephone Number _ __ ____ Name ____ ________ -__- _ Ronald E Johnson, Esq ', (717) 243-0123 ____ Firm Name (If Applicable) ___ _. ______ --- Andrews & Johnson First line of address ------ ------- - 78 West Pomfret Street Second line of address _ ;ity or Post Office Carlisle State ZIP Cotle PA 17013-0000 MI L REGISTER OF WILLS US€QNLY -" ( ? ~o :z~ ~ - ;~ --t, ,; , `? u`t ~ -., ~ ~,. ' D,~ FILED rV -- x"- a __.~ ,; `'? _~, i :::. ' ~" ~ ~ ~ ,_~>C~ ~_~ re ohnson a.net Correspondent's a-mail address: 1 p Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, comet mplete. o f preparer ther than the personal representative is based on all information of which preparer has any knowledge. -- DATE SIGNAT RS _...~ _ --~,~ ~ ~ ~ ~ ~ i_ nn ~~n~4 n__i:..~.. Dn ~7n1Z Side 1 15056051058 15056051058 J REV-1500 EX Page 3 ~___J_.~ar.. x+...«.,.1..4., Arlrlrncc• File Number _.. v................ .....r---- - ---- - - - DECEDENT'S NAME DECEDENTS SOCIAL SECURITY NUMBER Shannon L Murlatt 164-64-4783 STREET ADDRESS 519 Shed Road CITY STATE ZIP Newville PA 17241 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 2. CreditslPayments A. Spousal Poverty Credit B. Prior Payments C. Discount Total Credits (A + B + C) (2) 3. InterestlPenalty if applicable D. Interest E. Penalty Total InterestlPenalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) o.oo 0.00 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes ^ No 0 a. retain the use or income of the property transferred :............................................................................... ........... b. retain the right to designate who shall use the property transferred or its income :................................. ........... ^ 0 c. retain a reversionary interest; or ............................................................................................................... ........... ^ ^ d. receive the promise for life of either payments, benefits or care? ........................................................... ........... If death occurred after December 12, 1982, did decedent transfer property within one year of death 2 . without receiving adequate consideration? ................................................................................................... h? ........... ^ ^ ^x ^x ... 3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her deat ........... Did decedent own an Individual Retirement Account, annuity, or other non-probate property which 4 . contains a beneficiary designation? ............................................................................................................ ............ ^ ^x IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 15056052059 REV-1500 EX Decedent's Social Security Number Decedent's Name: Shannon L Murlatt ' 164 64 4783 ~... ,._.~_~ .._._.._.__.µ_ ._~__,..____..__....._. _ RECAPITULATION _________-__-____ ___.__ 1. Real estate (Schedule A) ............... . 2. Stocks and Bonds (Schedule B) ....................................... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. ' 4. Mortgages & Notes Receivable (Schedule D) ...................... . 5. Cash, Bank Deposits 8 Miscellaneous Personal Property (Schedule E) .... .. • • 5• ',__.___..._.~_.____ _________.____._____«_.__...__ 6. Jointly Owned Property (Schedule F) !:~~:' - Separate Billing Requested ... .... 6. ~,~ _._ 51,000.00 ' __. __ ._ _.____ _~___.__~___. _' 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property Se crate Billin Re nested.... (Schedule G) ~ P 9 q ... . 8. Total Gross Assets (total Lines 1-7) ................................ .__.._... ~.__ .... 8. ~, 51,000.00 ____. 9. _,~w_~.__....._~___...._.....__M.,,_ Funeral Expenses & Administrative Costs (Schedule H) ................. .... 9. ' 1,140.00 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ............ .... 10. 63,689.04 11. Total Deductions (total Lines 9 $ 10) .............................. ..... 11. ' 64,829.04 12. Net Value of Estate (Line 8 minus Line 11) ......................... ..... 12. ', -13,829.04 ,' ..,._... ~.~ ~~.___~._ 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which ~..~~u~ ,_._.~ _....__.___ an election to tax has not been made (Schedule J) ................... ..... 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ................... ~..,. _.,~.,_._, _,.._...,,, µ . ~.. ..... 14. ', .,.. -13,829.04 ~ . ~..~ .n.~....~ ..w...._~ .__..~,..H,.~_ _ ~..e.~.~_,, , . _,~.~. TAX COMPUTATION • SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 ...__._.. .~__.____..______._.._ -. _.._.._r.__.___.___ . _ ____.---_~~_,___._..~____.___. 16. _ ..~__... ____.__ Amount of Line 14 taxable 16 at lineal rate X .0 _ . 17. Amount of Line 14 taxable at sibling rate X .12 _._________. __.___~._._ __._._.. ____._._.____.- 17. - -----,--_...._u_.~.. _ .,...___.._. W. 18. Amount of Line 14 taxable at collateral rate X .15 18. ' 19. TAX DUE ................. .. ..... 19. ' 0.00 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ----- 15056052059 Side 2 15056052059 SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF Shannon L. Murlatt FILE NUMBER if an asset was made joint within one year of the decedent's death, it must be reported on Schedule G Surviving Joint Tenant (s): NAME ADDRESS RELATIONSHIP TO DECEDENT A. Brian W. Batchelder 519 Shed Road, Newville, PA 17241 companion B C Jointl -owned ro e REM NUMBER LETTER FOR JOINT TINANT DATE MADE SOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF INSTITUTION AND BANK ACCOUNT NUbffiER OR SIMIIAR IDENTIFYING NUMBER ATTACH DEID FOR 70INTLY-HELD REAL ESTATE TOTAL VALUE OF ASSET DECD'S % IN'T. DOLLAR VALUE OF DECEDENT'S AITEREST 1 A 04/13/01 ALL THAT CERTAIN lot of ground situate in Lower Miffiin Township, Cumberland County, PA. Having thereon erected a dwelling known and numbered as 519 Shed Road, Newville, PA 17241 See Deed Book 242, Page 833 (see appraisal attached) $102,000.00 50% $51,000.00 TOTAL (also online 6, Recapitulation) ~~ 1,000 File No.1000509 B-H A enc A sisal Services Address: City: Legal Description: Borrower: 519 Shed Road Unil No.: N/A Newville County: Cumberland State: Pa Zip Code: 17241 See Attached Deed Co from DB 242 PG 833 Lender/Client: Estate of Shannon Murlatt Address: 519 Shed Road nlo..niilla Da 17741 Prepared By: Company: Address: Phone: Prepared As Of: G. Arthur Calaman, Pa. Cert.# RL-139418 B-H A en A sisal Services i az N Hanover Street Carlisle, Pa. 17013 (717) 243-1000 ext. 216 Fax: (717) 243-1718 Email: bhapplaisal@comcast.net November 3, 2009 Estimated Market Value: $ 102,000.00 as of 07/23/2002 Cover Page with Photo and Contents Cover Letter Uniform Residential Appraisal Report Certification and Limiting Conditions Text Addendum Subject Photos Building Sketch Comparable Photos Location Map Intended Use of This Report is to establish Market Value ONLY: NOT TO BE USED for Mortgage Financing. Form produced by United Systems Software Company (800) 969-8727 www.unitedsystems.com File Na.1000509 B-H A enc A raisal Services B-H Agency Appraisal Services 163 N. Hanover Street Carlisle, Pa. 17013 (717) 243-1000 Ext. 216 Date :November 3, 2009 Client :Estate of Shannon Murlatt Requested by Bryan W. Batchelder In accordance with your request, I have inspected, as per your instructions, and appraised the subject property located at 519 Shed Road, Newville, Cumberland County, Pa. 17241 (Parcel #15-OS-0413-015 E). As per your instructions, the purpose of this appraisal was to determine "Market Value" in unencumbered fee simple title of ownership, as of the date of death of one Shannon Murlatt, which as given to the appraiser, was July 23, 2002. This appraisal was done in compliance with and as defined by "USPAP" and the Appraisal Standards Board. This report in it's entirety is intended and valid only for the intended use of the Client and the Intended Users of the Client named in this report, and is invalid if photocopied or electronically transmitted, whether in part or in whole by anyone other than the Client or the State Certified Real Estate Appraiser(s) named in this report. It is intended solely for the Client, and shall not be used by anyone other than the Client without the prior written consent of the Client, and the State Certified Real Estate Appraiser(s) conducting the appraisal process. Note :This is a Summary Appraisal Report, and contains it pages (plus attachments or addenda as necessary), and any single page is invalid if detached or used separately from the entire report as originally submitted. This report was conducted and prepared with the utmost care and confidentiality, and was established with no pre-determined opinion of value on the part of the appraiser(s). Thank you for choosing B-H Agency Appraisal Services Art Calaman Pa. State Certified Residential Appraiser Form produced by United Systems Software Company (800) 969-8727 www.unitetlsystems.com File No. 1000509 B-H A ens A sisal Services NOT TO BE USED FOR MORTGAGE FINANCING PURPOSES 1000509 ...ur~ow~ oecsnetuTtel oPPRA1SAL REPORT Pile No , Pro er oescrr trop Slate Pa Zi Code 17241 Ci Newville Pro ert Address 519 Shed Road Coun Cumberland Le al Descri lion See Attached Deed Co from DB 242 PG 833 Tax Year 2002 R.E. Taxes $ Unknown S ecial Assessments $ None Known Assessor's Parcel No. 15-OS-0413-015 E N A Current Owner Brian W. Batchelder & Shannon Murlatt Occu ant Owner Tenant Vacant Borrower d ®Fee Simple ^ Leasehold Project Type ^ PUD ^ Condominium (HUDNA only) HOA $ N/A /Mo. i se _ Property ri hts appra Ma Reference (15) OS-0413-015 E Tax Map Census Tract 0130 j ect Name N/A Nei hborhood or Pro f loan char es/concessions to be aid b seller N/A t $ amoun o Sales Price $ N/A Date of Sale N/A Descri lion and nder/Client Estate of Shannon Murlatt Address 519 Shed Road, Newville, Pa. 17241 L e A raiser G. Arthur Calaman Pa. Cert.# RL-139418 Address B-H A en A sisal Services 163 N. Hanover St. Carlisle, Pa. 17013 ent land use % Land use change P i res ng Location ^ Urban ^ Suburban ®Rural Predominant Single family hous occupancy PRICE AGE One family 8 ®Not likely ^ Likely Built up ^ Over 75% ®25-75% ^ Under 25% $(000) (yrs) SOk low 0 2-4 family 1 ^ In process ®Stable ^ Slow ®Owner Growth rate ^ Rapid 300k Hi h 100+ Multi-family To: lues ^ Increasing ®Stable ^ Declining ^ Tenant v rt P y a rope predominant '.~. Commercial Demand/supply ^ Shortage ®In balance ^ Over supply ^ Vacant (0-5%) 1 Marketing time Under 3 mos. 3-6 mos. Over 6 mos. Vacant (Over 5%) 115 60+ ( Other ) Note: Race and the racial composition o1 the neighborhood are not appraisal factors. It is bounded to the north and west b the same• [o the e li C n . o. _ Neighborhood boundaries and characteristics: Sub'ed is situated south of the Cumberland/Per east b the U r Frankford Tw . line• to the south b the Pa. T-Pike. employment stability, appeal to market, etc.): ment and amenities m lo it t i , p y o e m y •_ Factors that affect the marketability of the properties in the neighborhood (prox b'ed is within the Greater Carlisle/Newville Market lace, and the location is within reasonable commute to ma'or f th e su Nei hborhood or Market Area o schools both public and private) and recreational areas and facilities. On lot water and septic sews a systems are typical t l , oymen hi hways, shoppin ,emp Utilities as well as olice and fire protection are adequate and typical for the i es. for the area, and have no adverse effect on the marketability of ropert r ion. It is opinion that the property would have average a peal to the market. in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time diti ons Market con uch as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): --s Em I ment, mort a e rates, and housin inventories have remained stable in the area, and althou h [he market is ve stable, pro a ap reciation has this area would be 90 to 180 da s. Seller concessions in the rti i n es had little increase over the ast ear 2001 . Avera a marketin time for similar ro e form of closing cost assistance to the bu er are relative) common, but usual) don't exceed $3000. Pro]ect Information for PUUs (If applicable) - - Is the developer/builder in control of fhe Home Owners' Association (HOA)? ^ Yes ^ N _ Approximate total number of units in the subject project N/A .Approximate total number of units for sale i N/A n the subject project _ Describe common elements and recreational facilities: N/A 150.0 F x 200.0 L x 150.0 B x 200.0 R Dimensions t ^ Yes ®No L C Topography Level 0.69 acre m/L) Size o orner Site area 30 000 00 SgFt Shape Reston ular Specific zoning classification and description Residential liance ®Legal ^ Legal nonconforming (Grandiathered use) ^ Illegal ^ No zoning i A ors to be adequate Drainage ng comp Zon Highest & best use as improved ©Present use ^ Other use (explain) View Residential A Utilities ®c Other Oft-site Improvements Type Public Private ® ^ vera e Landscaping Driveway Surface Stone Electricity Street Macadam ^ Pro one ossible Curb/Gutter None Observed ^ ^ Gas Apparent Easements None Found or observed ^ Yes ®No ^ Private on Site Sidewalk On Site Only ^ ® FEMA Special Flood Hazard Area 2 Water ^ Private on Site Street Lights None Observed ^ ^ r S i FEMA Zone C Map Date 10/08/198 ewe San tary None Observed Alle None Observed FEMA Ma No. 421582 0015 B loan ewer illegal or legal nonconformin slide areas sments l i g zoning use, etc.): None observed or found Burin the , , asses a Comments (apparent adverse easements, encroachments, spec normal course of research of this ro erty. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION A BASEMENT 1100 m/L Ft Area Sq INSULATION Roof ^ No. of Units Sin le Foundation Block Exterior Walls Brick/Vin I Slab N/ Crawl Space N/A . . % Finished 100 Ceiling ^ No. of Stories One /Att.) Det. Type (Def Roof Surface Shin le Basement Full Ceiling Rftr/Drop l k Walls r Fl . Design (Style) Ranch Gutters & Dwnspts. Aluminum Sump Pump No neObsrvd N oc Walls B Floor Concrete oo None ^ Existing/Proposed Exisdn 33 rs m/L Window Type DbI.Hn StorMScreens Existin o Dampness Settlement None Obsrvd Outside Entry Yes Unknown Age (Yrs.) Effective Age (Yrs.) 8 - 10 (m/L) Manufactured House Modular Infestation Unknown Finish: Drywall/Paneling/Carpe t See TeXt Addendum Pg. ROOMS Fo er Livin Dinin Kitchen Den F amil Rm. Rec. Rm. Bedroom s # Batlls Laund Other Area S . Ft. 1100 (m/L) 2 1 1.00 1 Basement 3 I.00 1257 Leven 1 Area 1 - Level2 area abo . 5 Rooms; oom s 1.O A 1257 S CAR STORAGE:ss Livin Area Mate ials/Condaion FNTERIOR HEATING KITCHEN EQUIP. t f i TTIC None ^ AMENITIES Fireplace(s) # 0 ^ None ^ _ Floors C t/Vin:Avera a Type Elec. BB i t El or gera r Re Range/Oven ^ Stairs Patio None Obsrvd ^ Garage # of cars Walls Wood Panelin :Avera a r ec c Fuel l Di Drop Stair Deck None Obsrvd ^ Attached 2 Trim/Finish Wood:Avera a Condition Avera a sposa ® ® Detached A COOLING Dishwasher Scuttle Porch Front vera a Bath Floor Vin I: Central Yes FarVHood Floor ^ Fence None Obsrvd ^ Built-In Bath Wainscot N/A Com sition:Avera a Doors Other Microwave Heated ^ Pool N/A ^ ^ Carport Drivewa 2 Condition Washer/Dryer finished ^ y Additional features (special energy efficient items, etc.): Wood Stove in Finished Basement Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: Home is well maintained, in functional or external with no h sisal , avers a to cod condition (as er informaton obtained thru multi-list data from 04/2001, and current owner obsolescence. No needed re air was noted ... no known re airs were in ro ress. uali of rnnstruction is above avers a modular. but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the nmental conditions (such as i , ro Adverse env immediate vicinity of the subject property: None observed...Not ualified or certified to see or test...See Text Addendum Pa e. Form reproduced by United Systems Software Company (800) 969-8127 www.unitedsystems.com -Page 1 Fannie Mae Form 1004 6-93 Freddie Mac Form 10 6-93 File No.1000509 B-H A ens A raisal Services wrnnn* c::.. u., 1000509 laluation Section UNIFURM KC~IVCPI ~ ~/-ri. Arr^cnwn~ ^.... ~.•~• • °- •--- ESTIMATED SITE VALUE _ $ N/A Comments on Cost Approach (such as, source of cost estimate, site value, square ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: N/A foot calculation and, for HUD, VA and FmHA, the estimated remaining economic Dwelling Sq. Ft. @ $ _ $ life of the property): Due to the age of the subject improvements, the Sq. FI. @ $ = Cost Approach to value was not used. The Cost Approach is onl - = considered for dwellin s of "New Construction" or for an actual Garage/Carport Sq. Ft. @ $ = h sisal a e of less than five ears. It is the o inion of this a raiser - Total Estimated Cost-New ..................... _ $ that the "Cost proach" [o value is inade uate and not a ro rlate in - Less Physical Functional External an anal sis of a dwellin & im rovements of the actual h sisal a e of Depreciation = $ this subject, and would not field an accurate re resentation of Market Depreciated Value of Improvements - Vatue. It was therefore not considered. .... "As-is" Value of Site Improvements .. .............. _ $ INDICATED VALUE BY COST APPROACH ................ _ $ N/A ITEM SUBJECT COMPARABLE N0. 1 COMPARABLE N0.2 COMPARABLE N0.3 519 Shed Road 442 Shed Road 449 Shed Road 389 Brandy Run Road Address Newville, Pa 17241 _ Newville, Pa. 17241 Newville, Pa. 17241 Newville, Pa. 17241 Proximi to Sub'ect ~J.23 MT__ __ 0.1? Mt __ 3.45 MI Sales Price $ N/A - T _ ~ $ 112,10.0 _ _ _ __ _ __ _ $ 112,500 $ 99,000 Price/Gross Liv. Area $ $ 90.99 j __ $ 91.31 P1 _ $ 76.86 Data and/or CPML Data/CCCH CPML &CCCH CPML &CCCH CPML &CCCH Verification Sources owner!Curren[ inspection Drive- 6ct. Inspection Drive-b Ext. Ins ection Drive-b Ext. Ins coon VALUE ADJUSTMENTS DFSf,RIPTION DESCRIPTION + - Ad'ustment DESCRIPTION + - Ad'ustment DESCRIPTION + - Ad'ustment Sales or Financing t conventional Conventional Conventional Concessions IN/A N/A N/A ° Date of Sale~me ' ID3/OS/2002 06/29/2001 11/02/2000 +3 /° 2970 Location Avera a Same Same Similar Leasehold/Fee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Simple Site 0.69 aQe (m/L 2.00 acres m/L) -6550 2.06 acres m/L) -6850 0.69 acre m/L View Residential Similar Similar Similar Desi n and A eat Ranch: Avera a Same Same Same Oualit of Construction Avera a/Good Avera a/Good Avera a/Good Avera a/Good A e 33 rs New -5°/ -5605 New -5% -5625 36 rs. Condition Avera a/Good New -8000 New -8000 Good -5000 Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Room Count 5 3 2.00 5 3 2.00 5 3 2.00 5 288 S .00 _ Gross Livia Area 1257 S . Fl. 1232 S . Ft. 1232 S . Ft. _ Basement & Finished Full Concrete Full Concrete Full Concrete Full Concrete Rooms Below Grade Four None Known 6000 None Known 6000 Go d Known 6000 Functional Utili Good Good Good - Heatin Conlin Elec. BB/Central Air EIec.BBJNO Central Air 2500 Elec.BB/No Central Air 2500 EIec.BB/No Cenral Air 2500 Ene Efficient Items Wood Stove None Known 500 None Known 1000 1vCadr A[t.Ve 1000 _ Gara a/Ca ort 2 Car Att. 1 Car Att. 10001 Car Att. Porch, Patio, Deck, Porch Porch/Porch -500 Porch/Deck -1000 Porch/Porch/Deck -1500 Fire laces ,etc. None None Known None Known None Known Fence, Pool, etc. None None Known None Known None Known Exterior Finish Brick/Vinyl _ _ Vinyl SOO Vin I SOO Brick/Aluminum I~ ~ IRI - $ -10155 n -~ ~ - _$ -10975 ~ + n - $ 5970 Adjusted Sales Price ~ ~G. ~ iG~ ~ ~ i Net. Ad'. total - u . -~ roD1rtes used in this anal ofCom arable ~ _ rt: $ 1019451 $ _ _'$ 104970 Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.). The wmparable p Pe ysis are in my opinion the very best possible, and having been sold within the most recent months of the effective date of this report. All are relative in proximity, #1 & #2 are just down the road from the subject, and all are very similar in nature, style, size, etc. Adjustments have been made to compensate for differences in the comparable properties where necessa . A modest figure of $5,000 p/acre or fraction thereof was used to calculate differences in situs for #1 and #2. Com #3 was chosen des Ite earlier sale date because of ve obvious similarities; ad'us[ment for time difference was made accordin to muti-list ublished a reciation for the rind. Modest adjustments were made for a e and condition of com s. Total # of bathrooms for each were used, r ardless of level. ITEM SUBJECT COMPARABLE NO. 1 01/04/2000MPARABLE N0.2 06/03/1990MPAMBLE NO. 3 Date, Price and Dala 03/03/1978 08/08/2001 CCCH Source for prior sales CCCH CCCH CCCH within year of appraisal 35 OD0.00 24 900.00 Lot $22 900.00 Lot 77,000.00 Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: Sub"ect is not was not, listed for sale within the ast 12 months rior to the effective date of this a raisal, and had not been transferred in the ast ear. Sub'ed and com ambles transferred on the dates shown to the best of this a raiser's knowled e. 102,000 INDICATED VALUE BY SALES COMPARISON APPROACH ............................................................... $ INDICATED VALUE BY INCOME APPROACH (If Applicable) Estimated Market Renl $ N/A /Mo. x Gross Rent Multiplier N/A = $ N/A The appraisal is made ®"as is" ^ subject to the repairs, alterations, inspections, or conditions listed below ^ subject to completion per plans and specifications. Conditions of Appraisal: See Text Addendum pa e... Final Reconciliation: This A raisal was com leted using an effective date of July 23, 2002, which was the "date of death" of the decedent, Shannon Murlatt. An interior/exterior ins coon of the property was made by this appraiser on 10/28/2009. Also See " Fnal Reconciliation" on Text Addendum page... _ The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/Fannie Mae Form 1004B (Revised N/A ). I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF Jul 23, 2002 (WHICH IS THE DATE Of INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE S 102 000.00 Appraiser(s) signature has been el 4niwlly affixed to this report w/digitally protected signature(s) for the purpose of electronic transmission. APPRAISER: SUPERVISORY APPRAISER (ONLY IF REpUIREO): `ter .` ..~_,_.---. Signature ^ Did ^ Did Nol Si nature Inspect Property Name G. Arthur aman Pa. rt.# RL-139418 Name D to Re ort i n d 11/03/2009 D le Re orl i ned al ertificati n # RL-139418 State Fa tote Certifi ation # tat fir State I irrnce # Slate Or State License # State _ ___. ___ ____ __~._._.._.___ ___ °.,.,, n Fannin. Mae Fnrm 1004 fi-93 Freddie Mac Form 70 6-93 Form reproduced oy unnea aysrems aonware wnipmiy rowi ~~~-~~ ~~ ~~~~~~~~~•~~,-•- SCHEDULE H FUNERAL EXPENSES, ADMII~TISTRATIVE COSTS AND MISCELLANEOUS EXPENSES ESTATE OF FILE NUMBER Shannon L. Murlatt Debts of decedent must be reported on Schedule I. ITEM NUMBER A. 1 2 B. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 DESCRIPTION AMOUNT Funeral Expenses: Administrative Costs: Personal Representive Commissions Name of Personal Representative(s) Social Security Number of Personal Representative: Street Address: City: State: Zip: Year(s) commissions paid: .Attorney fees to Andrews & Johnson $750.00 Family Exemption Claimant Street: City: State & Zip Relationship of Claimant to Decedent: Probate Fees to Register of Wills Accountant Fees to Patricia Rosendale, CPA Tax Return Preparer's Fees B-H Agency Appraisal Services -real estate appraisal $375.00 Register of Wills -filing fee $15.00 TOTAL (also online 9, Recapitulation) I $1,140.00 SCHEDULE I DEBTS OF DECEDENT MORTGAGE LIABILITIES AND LIENS ESTATE OF FILE NUMBER Shannon L. Murlatt Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM DESCRIPTION VALUE AT DATE NUMBER OF DEATH Chase Manhatten Mortgage Corp -mortgage dated April 16, 2001 in the name of Brian W. Batchelder and Shannon L. Murlatt on premises situate at 519 Shed Road, Newville, PA in the orinigal principal amount of $100,870.00; recorded in Mtg Book 1691, Page 457. (see amortization schedule attached for principal balance due at date of death) Date of Death Balance $99,645.26 One-half allowable as a deduction $49,822.63 2 Affordable Housing Trust Fund - 2nd mortgage dated April 16, 2001 in the name of Brian W. Batchelder and Shannon L. Murlatt on premises situate at 519 Shed Road, Newville, PA in the orinigal principal amount of $3,000.00; recorded in Mtg Book 672, Page 78. Forgiven in an amount equal to ~Oth each month. 15 mhos x 50.00=$750 forgiven by date of death Date of Death Balance $2,250.00 One-half allowable as a deduction $1,125.00 Irwin Union Bank & Trust Co -home equity line of credit in the name of Brian W. Batchelder and Shannon L. Murlatt secured by a mortgage on premises situate at 519 Shed Road, Newville, PA dated October 31, 2001 in the original principal amount of $25,500.00 and recorded as Instrument No: 200136470. (see amortization schedule attached for principal balance due at date of death) Date of Death Balance $25,482.82 One-half allowable as a deduction $12,741.41 TOTAL (also online l0, Recapitulation) _ $63,689.04 I I ~ ; ~j;.j F'r1 FR l:HHSt ri'i~r+ wnv~con~rwcc 1 C44 I V J 1 (1 (G4~i4~YJb L r . c i ~ ~~ \ _.~A P R l 3 , .. .:..,.., 1 RECORD 4ND RET'Uttly TO: ~' U ~ ~ E IZ Lt; , ~~ C~~v, ~.~ ~ li ,) CHASE bIANHATTAIV MORTGAGE COI2PORATIONATTN: 1rtECD CLOSING DFPT'. ~ t " r~ T Y - F~ 1400 EA81' NEN~roRT GFSII'ER DRIVE , 01 NPR 16 P(~ 2 2 3 DIEERFiBLA HEACK. FLORIDA 3344E Parcel ID No. (Scott Above This l:,ine for Rcxordino Dataj 44-021-249524463 10415rJ114S MGR'~'GAGE D1;FIN1TIONS Words used in multiple sections of this document arc defined below and other words are defu~i in Secxions 3, I1, 13, 18, 20 and 2l, tyertaia ru1CS regarding fl>c usage of words used in this document are also provided in Section 16. (A) "Seeur[t3 Instrnment" means this document, which is dated APRIL 13, 2001 togetberwith all Riders to this dacutnent. (B) "Borrower" is BRIAN W BATCHELDER, A SINGLE PER5QN ANri SHANNaK 1VtURT.,A,TT, A SINGLE PERSON 1orrower is the morigagCr under this Security Instrutnellt (C') "Leader" is CHASE MANIiATTAN MORTGAGE CORPORATION, A NEW JERSEY CORpORATiON PENNSYLWAI~*LA-~ittgf~ Faaily-Fanaie 1N~e,'Freddic Mac UNIFORM I.YSI'Ri1MEN? PA51, 48/00 ~p~ 1) IIRIIIAIIII~tl&II~III~IIIV~IllA0l~llk~lllll aouK16~1 PacE .~5'~ Lender is a CORPORATION organized and existing under the laws of THE STATE OF NEW JERSEY Lender's address is 1400 EAST NEWPORT CENTER DRIVE, DEERFIELD BEACH, FLORIDA 33442 Lender is the mortgagee under this Security Instrument. (D) "Note" means the promissory note signed by Borrower and dated APRIL 13, 2001 The Note states that Borrower owes Lender ONE HUNDRED THOUSAND EIGHT HUNDRED SEVENTY AND 00/100 1041501145 Dollars (U.S. $ 100,870.00 )plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than MAY O1, 2031 . (E) "Property" means the property that is described below under the heading "Transfer of Rights in the Properly." (F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (G) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: [ ]Adjustable Rate Rider [ ]Condominium Rider [ ]Second Home Rider [ ]Balloon Rider [ ]Planned Unit Development Rider [ ]Biweekly Payment Rider [ ] 1-4 Family Rider [ ]Other(s) [specify] (H) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. ()) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (J) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" means those items that are described in Section 3. (L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (N) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (O) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As PA52 : 08/00 (Page 2) 1041501145 used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender the following described property located in the COUNTY [Type of Recording Jurisdiction] of CUMBERLAND [Name of Recording Jurisdiction] SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF. which currently has the address of 519 SHED ROAD [Street] NEWVILLE ,Pennsylvania 17241 ("Property Address"): (City] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrurr-ent. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. PA53 : 08/00 (Page 3) \~ ~~~j ~~ ,, cour~r; - ~~~ 01 PPR 16 P~ 2 2 3 AFFORDABLE HOUSING TRUST FUND GRANT AGREEMENT THIS IS AN AGREEMENT made this ~3~ day of ~~~~ , 2001, by and between Brian W Batchelder and Shannon L. Murlatt of 108 A Street, P. O. Box 80 Plainfield, PA 17081 (hereinafter known as "Recipient"), and the County of Cumberland, by and through its agent, Redevelopment Authority of the County of Cumberland (hereinafter known as "County"). WITNESSETH: WHEREAS, the County has established the Cumberland County Affordable Housing Trust Fund (hereinafter the "Fund") which offers grant assistance in the form of a five (5) year forgivable loan to eligible first-time home buyers; WHEREAS, Recipient is an eligible first-time home buyer; WHEREAS, Recipient desires to purchase the property located at 519 Shed Road, Newville. PA 17241 hereinafter the "Premises"); WHEREAS, the Redevelopment Authority of the County of Cumberland (hereinafter the "Authority") administers the Fund on behalf of the County; and WHEREAS, the parties desire to enter into this Agreement to set forth the mutual understanding of the parties regarding the receipt by Recipient of assistance from the Fund. NOW, THEREFORE, in consideration of the mutual covenants as set forth herein, and intending to be legally bound, the parties do hereby agree as follows: 1. Recipient shall receive from the Fund a grant in the amount of $3,000 (hereinafter the "Grant') to cover the down payment and/or closing costs associated with the purchase of the Premises. 2. The amount of the Grant shall be refunded if any of the following occurs, within five (5) years from the date of this Agreement: A. The Premises is sold, transferred, or conveyed or the Recipient's equitable interest in the Premises is extinguished; B. The Recipient ceases to utilize the Premises as its principal place of residence; or C. The Recipient, or the last of them rf more than one in number, dies. (Hereinafter Paragraphs 2.A., B., or C. are known as the "Repayment Triggering Event".) 3~~r, d`~~ Pr,CE r'~ 3. In the event a Repayment Triggering Event should occur within a period of five (5} years from the date of this Agreement, then and in such event, the repayment amount shall be determined in accordance with the following formula: The Grant amount shall be forgiven by one-sixtieth (1/60) of the original Grant amount after the first monthly anniversary date of this Agreement and by one-sixtieth (1/60) on each subsequent monthly anniversary date thereafter. The balance of the Grant which has not been forgiven, as per above the Formula, shall be due and payable, as aforesaid. 4. This Agreement shall be recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, and shall constitute a lien upon the Premises for a period of five (5) years from the date of this Agreement. 5. This Agreement shall be binding upon the parties and their respective heirs, successors and assigns. IN WITNESS WHEREOF, the parties hereto have set their hands and seals the date and year above written. f~ -;1- .~ZIC-~ RECIPIE REDEVELOPMENT AUTHORITY OF THE COUNTY OF CUMBERLAND, agent for the COUNTY OF CUMBERLAND By F it e: F:AHTF:G rantAgt When Recorded Return To: Irwin Home Equity Corp. P.O. Box 1368 San Ramon, CA 94583 2-800-977-7364 3t~~7o ~ ~.~n L.1. ~ .. _:y p,~CO~GC" at ;~~EDS Parcel Number: 15-05-0413-015E Loan #: 040-0001327023 ~D~ OGT 31 Rf~ 1D 't MORTGAGE] THIS MORTGAGE is made this gth day of October, 2001 between the Mortgagor, BRIAN W. BATCHELDER, UNMARRIED AND SHANNON MURLATT, UNMARRIED, AS JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP (herein "Borrower"), and the Mortgagee, IRWIN UNION BANK AND TRUST COMPANY, a corporation organized and existing under the laws of Indiana, with an address of 1717 East College Parkway, Carson City, NV 89706 (herein "Lender"). WHEREAS, Borrower is indebted to Lender in the principal sum of U.S. $ 25, 500 .00 ,which indebtedness is evidenced by Borrower's note dated the same date as this Mortgage and extensions and renewals thereof (herein "Note"), providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on November 15 , 2 016 TO SECURE to Lender the repayment of the indebtedness evidenced by the Note, with interest thereon; the paytllent of ail other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mortgage; and the performance of the covenants and agreements of Borrower herein contained, Borrower does hereby mortgage, grant and convey to Lender the following described property located in the County of Cumberland State of Pennsylvania: ' LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF which has the address of 519 SHED ROAD [Streetl Newville Pennsylvania 17241 (herein "Property Address"); [Ci~YI [ZiPI TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances and rents, all of which shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property (or the leasehold estate if this Mortgage is on a leasehold) are hereinafter referred to as the "Property." PENNSYLVANIA -SECOND MORTGAGE Ih166001 (rev 4/18/OD) Page 1 of 6 BK 1 737FG 13€6 ~ ~)~~~$~~i'~r ,eus rrnnnaet mFrt ..__.... __._._.._ ............._. r._rF~r~ce :-.-...-.------~--.~_-.-.'~_ w r r r' ' i r -~ r 4 ~ ~4~ 1 . Q PAortGage home > Caicula4ors i Compare rates ' MORTGAGE CALCULATORS News -~ Mortgage calculator Basics , Determine the monthly payments for any fixed-rate loan. Just enter the amount and Calculators j terms, and our mortgage calculator does the rest Click on "Show Amortization Table" 1 to see how much interest you'll pay each month and over the lifetime of the loa Th _-- -- n. e Q & A ~ mortgage calculator will also show how extra payments can accelerate your payoff ~ and save thousands in interest charges. Tips 1 MORTGAGE CALCULATORS _. Mortgage amount: $ :25500.00 (Do not use commas.) Mortgage term: 30 years ........... Interest rates: 16.90 % per year 'Find the best interest rates in vour area for more personalized results Mortgage start date: Dec :,: 1 2001 Monthly Payments: $ 361.48 Extra Payments ... _.. Add: $ 0 :each month ? Add: $ 0 ;yearly in' Mar ', ? Add: $ [0 `one-time in Mar 2010 ? Pay-off date: ' DeC 1, 2031 ? Calculate Show Amortization Table ? Amortization Table far 525500.00 borrowed on Dec 1, 2001 Month Year 1 2002 2 2002 3 2002 4 2002 5 2002 6 2002 7 2002 8 2002 9 2002 10 2002 11 2002 12 2D02 Payment (S) 361.48 361.48 361.48 361.46 361.48 361.48 361.48 361.48 361.48 361.48 361.48 361.48 Principal Paid (S) 2.35 2.39 242 2.45 249 252 2.56 2.59 263 2.67 271 2.74 Interact Paid (S) 359.12 359.09 359.06 359.02 358.99 358.95 358.92 358.88 358.85 358.81 358.77 358.73 Total Interest (E) 359.12 718.22 1077.28 1436.30 1795.29 2154.24 ~"?513.16 2872.05 3230.89 3589.70 3948.47 4307.21 Balance ($) 25497.65 2549526 25492.84 25490.39 25487.90 25485.3 25482.82 2 480.22 25477.59 25474.92 25472.22 25469.47 Month Year 1 2003 2 2003 3 2003 4 2003 5 2003 6 2003 2003 B 2003 9 2D03 10 2003 11 2003 12 2003 Payment (E) 3fit.46 361.46 361.48 361.48 361.48 361.48 361.48 361.48 361.48 361.48 361.48 361.48 Principal Paid (E) 278 2.82 286 2.90 2.94 2.98 3.03 3.07 3.11 3.16 3.20 3.25 Interest Paid (E) 358.70 358.66 358.62 358.58 358.54 358.49 358.45 358.41 358.37 358.32 358.28 358.23 Total Interest (S) 4665.90 5024.56 5383.17 5741.75 6100.29 6458.78 6817.23 7175.64 7534.00 7892.33 8250.60 8608.84 Balance (S) 25466.69 25463.87 25461.01 25458.11 25455.16 25452.18 25449.15 25446.08 25442.97 25439.82 25436.62 25433.37 Month Year 1 2004 2 2004 3 2D04 4 2004 5 2004 6 2004 7 2004 8 2004 9 2004 10 2004 11 2D04 12 2004 Adv: Get up_to,_Four._Loan 'r r National mortgage rates 3/24/2010 4:20:14 PM Fired AFM1,q Interest 30 Yr Fixed ,~ 15 Yr Fixed 30 Yr Fixed Jumbo r 15 Yr Fixed Jumbo +~ Find rates, in..your_are_a! - Advnrtisr.ment 30 Year Fixed ' __ 4.256°!a 4.~i53°k A 13 Year Fined 3.730';" 4.2.62^~a ,qr 40 Year Fixed ' 4.750 w 5A74°!~ A 2D Year Fixed 4 ~5d','n 4:6420! .4i 7 Year ARM 2.875°r`a 3.388°a At 5 Year ARlu9 2.375",'~ 3-233°~b Ar 33`earARM< 2.2501 3.293"l lii FHA Rate APR 30 Yea- Fixed 4,500n~;, 5.067~'~ Ai 15 Year Fixed ' 4.000°~ 4.500"i; ~i 5 Year ARM 3.373"`a 3,495"ia Ai 3 Year ARD,! ` 3.75U% 3.253°/ A i t v ~i~lIIi•.RiRAt .,~.ertisemznt - SELECTAI.O/kN TYPE ~:3[} Year I=lXtrd -::4:1,25^:~ ' .~ 7. 15 Year l^ixed - 3..$?5t.u' ~ 5 Y 311'ARtN--' ~.125U,` ~ ~ 3.Y ...~: s ~ ...,...:r,:r ~ t.: ~J J I17 .(C~rf~.7 is [r[JLYf 1l/f 10UV, Finq nCigl n'ifi RY ETF•I.q ~E -~-~~-- ~ ..-. . .. _.: p ' ly it ll .. .... f 1 • r ~ Q hAcr?gage hom- ~ ...... ...:.......... , ,~'~: r ~ a ',~ ~ . Calcula4crs ........ .....: i Compare rates ~ MORTGAGE CALCULATORS rvews I National mortgage rat - Mortgage calculator 3/24/20104:08:16PM Basics I Determine the month) Fircd ,4RM i y payments for any fixed-rate loan. Just enter the amount and Inter Calculators ~ terms, and our mortgage calculator does the rest. Click on "Show Amortization Table" 3o Yr Fixed ---) to see how much interest you'll pay each month and over the lifetime of the loan. The 15 Yr Fixed ~ Q & A I mortgage calculator will also show how extra payments can accelerate your payoff 30 Yr Fixed Jumbo and Save thOU5and5 In Interest Charges. 15 Yr Fixed Jumbo v lips rF Fin~_ ratgs_ in..your area!. MORTGAGE CALCULATORS . . Mortgage amount: $ ! 100870.00 (Do not use gammas.) Mortgage term: 30 years ~ Interest rate^. 6.50 ~ _ % per year Find the best interest rates in vour area for more personalized results ... . Mortgage start date: Jun 1 2001 Monthly Payments: $ 637.57 Extra Payments Add: $ 0 ;each month ~ Add: $ ; 0 j yearly in ! Mar ~ Add: $ , 0 :one-time in Mar 2010 ' ~ Pay-off date: :Jun 1, 2031 ~ Calculate Show Amortization Table ? Amortization Table for 5100870.00 borrowed on Jun 1, 2001 Month Year 7 2001 8 2001 9 2001 10 2001 11 2001 12 2001 1 2002 2 2002 3 2002 4 2002 5 2002 2002 Payment (S) 637.57 637.57 637.57 637.57 637.57 637,57 637.57 637.57 637.57 637.57 637,57 637.57 Principal Paid (S) 91.19 91.68 92.18 92.68 93.18 93.68 94.19 94.70 95.22 95.73 96.25 96.77 Interest Paid (S) 546.38 545.89 545.39 544.89 544.39 543.88 543.38 542.86 542.35 541.84 541.32 540.80 Total Interest (S) 546.38 1092.26 1637.65 2182.54 2726.93 3270.81 3814.19 4357.05 4899.40 5441.24 5982.56 6523.35 Balance (S) 100778.81 100687.13 100594.95 100502.27 100409.09 100315.41 100221.22 10012fi.52 100031.30 99935.57 99839.32 99742.55 Month Year 7 2002 8 2002 9 2002 10 2002 11 2002 12 2002 1 2003 2 2003 3 2003 4 2003 5 2003 2003 Payment (E) 637.57 637.57 637.57 637.57 637.57 637.57 637.57 637.57 637.57 637.57 637.57 637.57 Principal Paid (S) 97.29 97.82 98.35 98.88 99.42 99.96 100.50 101.04 101.59 102.14 102.70 103.25 Interest Paid (S) 540.27 539.75 539.22 538.68 538.15 537.61 537.07 536.52 535.98 535.42 534.67 534.32 Total Interest (S) 7063.63 7603.37 8142.59 8681.27 9219.42 9757.02 10294.09 10830.61 11366.59 11902.01 12436.89 12971.20 Balance (S) 99645.26 '99547.43 99449.08 99350.20 99250.76 99150.82 99050.32 98949.27 98847.68 98745.54 96642.84 98539.59 Month Year 2003 8 2003 9 2003 10 2003 11 2003 12 2003 1 2004 2 2004 3 2004 4 2004 5 2004 6 2004 - A verl;sr men; SELECT A LOAN: RA ~,3fl Ye- ar::Fixerl _ d~6 =~ #5 Year FixESd 3,8 319 ARtJI 3_ OTHER LOAN OFT#ONS: ____. 7 .Year~Ai~M -.. ~ ~ 5t't ARM Year ARM "~ 3i3 Year f 3 Year4RM ~` HELOc ~ 1 Year ARt~?! "~ Home R~ "'sums r..d ~mndlricr:s apFiy t}lE .,dve rtieerrien! . SE3.ECTAL4AN TYPE 3f; Year;Fixed - ~ c 5°~:,• :~.'7 15 Year Fixed - 3.fliTS~,w• `' ~ 5 -z 3/'t AR. M - 3 125n:,° _ .~ 3