These numbers don’t seem right to me, need advice

[Tyrone Jennings]

First post, first investment property. A broker I’m dealing with sent me the email below, his numbers are not working out in any mortgage calculators that I’ve used. I’m i missing something? You have been pre-qualified for a purchase amount of $54,000.00 based upon your income and debt ratios. You stated that you would like to use a minimum down payment of 20% which would be $10,800.00 on a purchase price of $54,000.00, on a 30 year Conventional fixed rate program with today’s rate of 6.0%. Estimated closing cost and pre-paid will be approximately $4,750.00. This reflects a worst case scenario with you paying all cost. Seller can contribute up to 6% of the sales price toward your closing cost on a primary purchase. Your total monthly payment with taxes and insurances would be approximately $680.00 a month based on this scenario. Your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan.