Mortgage Resources
What You Need to Know As You Finance Your Home
Purchasing a home is a big investment, and figuring out the financial aspects of it all can be stressful even for experienced buyers. When you buy with us, we’ll walk you through everything you need to know as you purchase your home. Before you start the process, these are a few key things you should know about financing your home:
Your credit score and income all come into play when it comes to getting pre-approved.
Even if you are pre-approved up to a certain amount, make sure you are buying within your means.
Don’t make any large purchases or change jobs while you are being pre-approved — this can disrupt the entire process.
Estimate Your Monthly Mortgage Payment
When you assess what “living within your means” actually means for you, you’ll need to see if your monthly mortgage payment works for your monthly budget. To get a feel for what price range is in your budget, use the mortgage calculator below to see what the cost of your future home would look like on a monthly basis (this estimate does not include monthly homeowner’s insurance or property tax payments).
Monthly Payment
$1,880.70
Total Interest Payable
$88,525.28
Total of Payments
(Principal + Interest)
$338,525.28