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~~ <br />Total Development Cost $ 102,058 <br />Appraised value/Sales Price (assumed) $ 115,000 <br />plus closing costs $~ 2 <br />Total cyst to Buyer $ 117,500 <br />less buyer contribution $ 1,000 <br />less Band 2nd mortgage (40 yr)* $ 22,500 <br />less EI 3rd mortgage (40 yr)* $ 12,942 <br />I~'irst mortgage (30 yr) S 81,058 <br />~ ~ <br />100 Pine Hill Drive <br />Deed Restrictions <br />* Total subsidy of $35,442 =30.8% appraised value of $115,000 <br />If family sells home within 40 years they must repay entire principal balance of subsidies ($35,442) as well as 30.8% of appreciation. <br />J <br />