For the property taxes just mulitply 1.25% of the purchase price, for the hazard insurance it should be less than $60 a month but to get an accurate estimate you can contact an insurance agent. Finally for the mortgage insurance its about $120 - 200 make sure with your lender.... more
The 203k FHA loan will be able to help you. This is up to 30k for Home Improvement. I have at least 3 lenders that offer this product. We have a few more, but the rates are out of whack. Take into account the 203k is about .5-.75 higher to the rate than a regular FHA 203b loan.
Call or email me if you have questions