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					                        1350 Main Street                                                                           John August
                                                                                                          61 S. Boulevard of Presidents
                           Unit #1501                                                                          Sarasota, Fl 34236
                               $799,900                                                                          (941) 373-0038



      " Location, Location, Location"..Two Bedroom Unit with Upgraded Features such as Wood Floors,
       Stainless Steel Appliances, Italian Cabinetry, and more Right in the Heart of Sarasota. Featuring
          Two Terraces with Views of Downtown Sarasota from the Living Room and Dining Room.
                Amenities Include Huge Pool/Spa, Fitness Center, Storage, Billiards and Grill.

                                                                 Financing Options as of                                    8/31/2011
                                                          80.00%                             80.00%                             80.00%
                                                       Interest Only                      Interest Only                       Amortizing
                                                        10/1 ARM%                         30 Year Fixed                      30 Year Fixed
    Interest Rate                                             6.500%                             6.375%                             6.375%
    Term                                                           360                                360                               360
    Points/ Origination Fee                                     0.00%                              0.00%                             0.00%
    1st Mortgage                                         $568,000.00                        $568,000.00                        $568,000.00
    Second Mtg                                                  $0.00                              $0.00                             $0.00
    FHA/VA Funding Fee                                          $0.00                              $0.00                             $0.00
    Total Mortgages                                      $568,000.00                        $568,000.00                        $568,000.00
    Principal & Interest                                      $3,076.67                          $3,017.50                          $3,544.37
    Taxes                                                      $1775 est                          $1775 est                          $1775 est
    Monthly maintenance                                           $0.00                              $0.00                              $0.00
    PMI/MIP                                                       $0.00                              $0.00                              $0.00
    Second Mtg (Int Only)                                         $0.00                              $0.00                              $0.00
    Total Monthly Payment                                     $4,851.67                          $4,792.50                          $5,319.37
    Down Payment                                          $142,000.00                        $142,000.00                        $142,000.00
    Closing Costs                                           $7,794.00                          $7,794.00                          $7,794.00
    Prepaids                                                    $0.00                              $0.00                              $0.00
    less Secondary Financing                                    $0.00                              $0.00                              $0.00
     less Seller Credits                                        $0.00                              $0.00                              $0.00
    CASH TO CLOSE                                         $149,794.00                        $149,794.00                        $149,794.00
                                 Financing Options Provided by:
                                                    Scott Tyle
                                                    Private Mortgage Banker
                                                    330 John Ringling Blvd.
                                                    Sarasota, Fl 34236
                                                    Cell (941) 284-0338


Rates and terms are subject to change. A.P.R. figures are not included. This brochure is for informational purposes only. Terms provided are subject
to credit approval. The figures provided are an estimate of the actual settlement charges and may be higher or lower than actual. Michael Saunders
& Co. and its affiliate MSC Mortgage, LLC are both Equal Housing Opportunity Providers.
                                                                                                                         Mortgage Comparison
                                                                                                                                   Worksheet
                                                                                                                                    Date            8/31/2011
Borrower
Co-Borrower                                                                                                   Sales Price:                      $2,995,000.00
Property Address:                448 Riverside Dr                                                             Annual Taxes:                         $9,570.06
Hazard Insurance:                     $0.00                                                                   Flood Insurance                           $0.00
                                                       65.00%                       65.00%                        65.00%
                                                    Interest Only                Interest Only                  Amortizing
                                                      10/1 ARM                   30 Year Fixed                 30 Year Fixed
Interest Rate                                              6.750%                       7.000%                        6.875%
Term                                                           360                          360                           360
Points/ Origination Fee                                    0.000%                       0.000%                        0.000%
1st Mortgage                                        $1,946,750.00                $1,946,750.00                 $1,946,750.00
2nd Mortgage
FHA/VA Funding Fee (Financed)                               $0.00                         $0.00                         $0.00
Total Mortgages                                     $1,946,750.00                 $1,946,750.00                 $1,946,750.00

Principal & Interest      Int. Only                     $10,950.47                    $11,356.04                    $12,788.76
Taxes                                                      $797.51                       $797.51                       $797.51
Insurance                                                    $0.00                         $0.00                         $0.00
PMI/MIP                                                      $0.00                         $0.00                         $0.00
Second Mtg Int. Only             7.750%                      $0.00                         $0.00                         $0.00
Total Monthly Payment                                   $11,747.97                    $12,153.55                    $13,586.27
Closing Costs
Origination Fee                                              $0.00                         $0.00                         $0.00
Appraisal                                                  $450.00                       $450.00                       $450.00
Credit Report                                               $14.00                        $14.00                        $14.00
Escrow Waiver Fee                 0.00%                      $0.00                         $0.00                         $0.00
Tax Service                                                 $78.00                        $78.00                        $78.00
Flood Cert                                                  $19.00                        $19.00                        $19.00
Processing Fee                                             $525.00                       $525.00                       $525.00
Underwriting Fee                                             $0.00                         $0.00                         $0.00
Recording Fee-Deed                                           $6.00                         $6.00                         $6.00
Recording Fee-Mortgage                                     $200.00                       $200.00                       $200.00
State Tax/ Stamps                                        $6,813.63                     $6,813.63                     $6,813.63
Intangible Tax                                           $3,893.50                     $3,893.50                     $3,893.50
Title Insurance                                         $10,062.50                    $10,062.50                    $10,062.50
  Title Search                                              $75.00                        $75.00                        $75.00
  Title Exam                                                $75.00                        $75.00                        $75.00
  FL9 Endorsement                                            $0.00                         $0.00                         $0.00
  Misc. Endorsements                                        $50.00                        $50.00                        $50.00
  Settlement Fee                                           $125.00                       $125.00                       $125.00
Survey                                                     $500.00                       $500.00                       $500.00
TOTAL CLOSING COSTS                                     $22,886.63                    $22,886.63                    $22,886.63
Prepaid Expenses
Prepaid Interest (5 days)                               $1,800.08                     $1,866.75                     $1,833.41
County Taxes (3 months)                                 $2,392.52                     $2,392.52                     $2,392.52
Hazard Insurance                                            $0.00                         $0.00                         $0.00
Hazard Escrow (3 months)                                    $0.00                         $0.00                         $0.00
Flood Insurance                                             $0.00                         $0.00                         $0.00
Flood Escrow (3 months)                                     $0.00                         $0.00                         $0.00
TOTAL PREPAIDS                                          $4,192.59                     $4,259.26                     $4,225.93
Down Payment                                        $1,048,250.00                 $1,048,250.00                 $1,048,250.00
Closing Costs                                          $22,886.63                    $22,886.63                    $22,886.63
Prepaids                                                $4,192.59                     $4,259.26                     $4,225.93
 less Secondary Financing                                   $0.00                         $0.00                         $0.00
 less Seller Credits                                        $0.00                         $0.00                         $0.00
CASH TO CLOSE                                       $1,075,329.22                 $1,075,395.89                 $1,075,362.55


                                   Mauri Greenberg
                                   Home Mortgage Consultant
                                   4400 Manatee Ave West
                                   Bradenton, FL 34209
                                   Office (941) 749-6300
                                   Cell (941) 306-8444

Rates and terms are subject to change. A.P.R. figures are not included. This brochure is for informantional purposes
only. Terms provided are subject to credit approval. The figures provided are an estimate of the actual settlement
charges and may be higher or lower than actual. Michael Saunders & Co. and its affiliate MSC Mortgage, LLC are both Equal Housing Opportunity
Providers.
Providers.
on




             LTV            PMI FACTORS
     80.001%-         85%      0.0035
     85.001%-         90%      0.0052
     90.001%-         95%      0.0078
     95.001%-         97%       0.009

     97.001%-      100%        0.0104


                            PMI FACTOR RESULTS

         $843.59              $843.59         $843.59   $0.00
       $1,265.39            $1,265.39       $1,265.39   $0.00
           $0.00                $0.00           $0.00   $0.00




          TITLE INSURANCE

     If Under $100K         If Over $100K
        $17,221.25           ########

				
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