North Bend

Arrive in the century-old city of North Bend after crossing the historic mile-long Conde B. McCullough Memorial Bridge.  Downtown has scores of art galleries and antique and novelty shops.  Enjoy some of the region’s best art displays during Art Walks, held on the second Thursday of each month.  For live entertainment, Little Theatre on the Bay, the longest-running community theater in Oregon, and the Waterfront Playhouse perform full-length production’s.  Also, check out the town’s restaurants and eateries. The crabbing and fishing are great.  There is nothing like the beach and dunes.

Coos Bay

Through natural growth Coos Bay has become the largest city on the Oregon Coast.  Coos Bay offers a boardwalk, live theater, and international port and a variety of lodging and dining experiences.  Downtown Coos Bay has a visitor information center, Coos Art Museum, Egyptian Theater, several restaurants and novelty shops.

Each March the jazz festival attracts groups from around the country, each July the Oregon Coast Music Festival brings outstanding musicians together for a series of performances, and in September, the Bay Area Fun Festival includes the Prefontaine Memorial Run and the classic car Cruz the Coos and Show & Shine.  These are just a few of the festivals and activities held throughout the year.


Community City of North Bend North Bend Downtown Association City of Coos Bay Lakeside Chamber of Commerce Bay Area Chamber of Commerce Oregon Bay Area Calendar of Events Oregon’s Adventure Coast
Schools Just Kids Daycare – Preschool North Bend School District Coos Bay School District Southwestern Oregon Community College
Church Celebration Center Celebration Centre
Medical/Airport Bay Area Hospital North Bend Medical Center North Bend Airport
Utilities Utilities
News The World Newspaper – Serving the Oregon South Coast T.V. News
Entertainment Bandon Dunes Golf Resort The Mill Casino

Home Construction Financing Guide

financing map


qualifying ratios

view-negotiate rates

about bank equity

other financing tools

rate shopping sheet

compare lenders



Price of home
Purchase price of the home you wish to buy. 
Cash on hand
Cash you have for the down payment and closing costs. 
Interest rate
The current interest rate you can receive on your mortgage. 
Term in years
The number of years over which you will repay this loan. 
Property tax rate
Your property tax rate. 1% for a $100,000 home equals $1,000 per year in property taxes. 
Home insurance rate
Your homeowner’s insurance rate. 0.5% for a $100,000 home equals $500 per year for homeowner’s insurance. 
Loan origination rate
The percentage the lending institution charges for its origination fee. 1% for a $100,000 home equals $1,000. 
Points paid
The total number of points paid to reduce the interest rate of your mortgage. Each point costs 1% of your mortgage balance. 
Other closing costs
Estimate of all other closing costs for this loan. This should include filing fees, appraiser fees and any other miscellaneous fees paid. 
Association and maintenance fees
Any association fees you are required to pay with the ownership of this home. Also include any other maintenance costs you expect to incur with the ownership of this home that you are not paying while you continue to rent. 
Total for down payment
Total funds remaining for down payment. 
Mortgage amount
Total amount of loan. 
After-tax investment return
The rate of return, after taxes, you could receive if you invested your closing costs and down payment instead of purchasing a home.The actual rate of return is largely dependant on the type of investments you select. From January 1970 to December 2006, the average compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 11.5% per year (source: During this period, the highest 12-month return was 61%, and the lowest was -39%. Savings accounts at a bank pay as little as 1% or less.It is important to remember that future rates of return can’t be predicted with certainty and that investments that pay higher rates of return are subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect additional sales charges and fees that funds may charge.
Monthly rent payment
Amount you currently pay for rent per month. 
Income tax rate
Your current marginal income tax rate. 
Expected inflation rate
What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually, from 1925 through 2006. Inflation rate is used to adjust amounts subject to annual increases. These amounts include rent, insurance and tax payments. 
Home appreciates at
Annual appreciation you expect in the home you are purchasing. 
Future sales commission
The percent of your home’s selling price you expect to pay to a broker or real estate agent when you sell your home. 
House payment
Total of principal, interest, taxes and insurance (PITI) paid per month for your home. Insurance includes Principal Mortgage Insurance (PMI) and homeowner’s insurance. 
Principal payment
Total of principal paid per month on your mortgage. 
Tax savings
The value of the tax deduction you receive on your mortgage’s interest and home’s property taxes. For example, if you have $900 in interest and $100 property taxes per month, the value of the tax deduction would be $250. (At a tax rate of 25%). 
Net house payment
Your house payment minus the value of the tax deduction and principal payment. 
Net home price
Net selling price of your home after subtracting any sales commissions. 
Monthly PI
Monthly principal and interest payment. 
Monthly PMI
Monthly cost of Private Mortgage Insurance (PMI). For loans secured with less than 20% down, PMI is estimated at 0.5% of your loan balance each year.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


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