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Proforma Review of RHRA SHRP <br />279 Elmer <br />6-Jun Current ** <br />Total Cost:2006 <br />Purchase Price (costs)207,000 $ 207,000 $ <br />Rehab 14,350 $ 16,956 $ <br />Interest/Misc/closing fees 7,500 $ 12,000 $ <br />Taxes 1,000 $ 1,900 $ <br />Development Fee 6,000 $ 6,000 $ <br />Commission (GMHC)3,000 $ 3,000 $ <br />Commission (MLS)5,875 $ 6,345 $ <br />Total Cost:244,725 $ 253,201 $ <br />Sales Price 235,000 $ 235,000 $ <br />Affordable 1st Mortgage 175,000 $ 177,000 $ <br />Available for 2nd Mortgage 60,000 $ 58,000 $ <br />Total Costs 244,725 $ 253,201 $ <br />Affordable 1st Mortgage 175,000 $ 177,000 $ <br />Total Gap in Costs 69,725 $ 76,201 $ <br />Available 2nd Mortgag e 60,000 $ 58,000 $ <br />Permant Loss 9,725 $ 18,201 $ <br />GMHC 3rd Mortgage 2,500 $ <br />Points (requested by buyer)4000 <br />Final Permant Loss 19,701 $ <br />**Current includes costs to date plus additional interest, taxes