[SCCLT Logo]

Building Community Through Home Ownership

    Home
    What is a Community
   Land Trust?
    Our Mission
    Income Guidelines
> Scenarios
    Houses For Sale
    Application
    Events
    Newsletter
    Board of Directors
    Staff & Associates
    Become a Member
    Equal Housing
   Opportunity
    Links
    Contact Us
 Scenarios      

Comparing Housing Costs: The Traditional Purchase and a Purchase with the Assistance of the Land Trust

Example #1
Item Traditional Purchase Purchase with Land Trust
Price of Home $85,000 $85,000
Cash Required
(Down Payment &
Closing Costs)		 $7,650 $0
Land Trust Contribution N/A $25,500
Mortgage Amount $80,750 $59,500
Monthly Payment $741.58 $550.38

Example #2
Item Traditional Purchase Purchase with Land Trust
Price of Home $95,000 $95,000
Cash Required
(Down Payment &
Closing Costs)		 $8,550 $0
Land Trust Contribution N/A $28,500
Mortgage Amount $90,250 $66,500
Monthly Payment $812.07 $613.36.38
   

State College Community Land Trust
420 West College Avenue
State College, PA 16801
Phone & Fax: (814) 867-0656
Email: director@scclandtrust.org