Home Mortgage Information

When you are itemizing expenses for your new home please include these expenses in your spreadsheet.

Property tax information-This expense is dependent on the location of the home.  Property taxes vary by county and state.  As a homebuyer, consider how this additional expense will impact your monthly expenses.

Maintenance costs-This expense includes anything from plumbing repairs to a new roof or heating system and varies by geographic location, size, and age of the dwelling.

Utility costs-This expense includes items such as your water, gas, electric, and heating and air conditioning plus this expense varies by geographic location, size, season, and age of the dwelling.  The type of construction may also be a factor in your utility cost estimates depending on whether you going to be using gas or electric,etc.

Mortgage insurance-This expense can vary by mortgage insurance company, lender, loan product, and loan to value percentage of the loan.  In some cases mortgage insurance is not required. 

Miscellaneous costs-These expenses vary depending on the type of home and geographic location.  Some of these costs can include flood insurance, homeowner association dues, and other property insurance that might be included.