home buying tips for buying first home

Home Buying Tips
 
Home buying guide for the first time home buyer
 
 
 
   
 
 
 

 

 Monthly loan payment plus property tax and insurance:
Mortgage lenders protect their investment in a home by paying property taxes and insurance premiums then including these amounts in the homeowner's monthly bill.

    
   

Enter the price of the house you want to buy and your planned down payment
 (Please no commas, $ signs, or periods) 
Purchase Price 
    (enter $124,000 as 124000)

Down payment

 

Mortgage amount  

Interest Rate 

Years

 
Monthly amount for mortgage-loan     
Estimated Monthly Property taxes  
Estimated Monthly Insurance  
 
  Monthly payment to mortgage lender    
 

Mortgage lenders usually require your monthly payment to be less than 33% of your monthly gross income.

   
 
   
 

 
     
     
   
 
       
   
 
 
 
 
     
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