Financing: Know Your Options!
Mortgage Calculators.
Before searching for your new home you will need to know what Monthly Payment you can afford. Then you'll need to know Your Payment when you've found your new home. Below are 2 calculators for you to use.
| CLICK on the Image Below to Calculate How Much You Can Afford. | CLICK on the Image Below to Calculate Your Mortgage Payment. |
 |  |
COMMON CLOSING COSTS FOR BUYERS
You’ll likely be responsible for a variety of closing fees and expenses when purchasing your home. Here are some examples and whose responsibility it is to tell you these costs.
Lender’s responsibility:
• Down payment
• Loan origination fees
• Points, or loan discount fees, which you pay to receive a lower interest rate
• Appraisal
• Credit report
• Private mortgage insurance premium if you're putting down less than 20%.
Title Company:
• Insurance escrow for homeowner’s insurance, if being paid as part of the mortgage
• Property tax escrow, if being paid as part of the mortgage. Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.
• Deed recording
• Title insurance policy premiums.
• Land survey
• Title Company Closing Costs
Your Realtor
- Building and Wood Destroying Organism Inspections
- Any Broker Transaction Fees
