R u m R i v e r R e a l t y
Budgeting
"Quality Service. Full Time."
About Me
Properties
For Buyers
For Sellers
Moving
Financing
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For Buyers
Home Inspections
Budgeting
Mortgage Types
Interest Rates
Closing Costs
Rates &
Indicators
Rate
Chg
30 Yr Fixed
3.82%
15 Yr Fixed
3.23%
5/1 ARM
3.01%
30 Yr FHA
3.75%
Jumbo 30 Yr Fixed
4.06%
as of 2/6/2012
Know Your Budget
How Much Home Can I Afford?
$
Amount you plan to use for the down payment.
$
Amount you plan to pay each month.
Years you plan to finance the mortgage.
%
Interest rate you plan to get on your loan.
$
This is the approx. cost you can afford.
There's no point wasting time and energy house-hunting before you
know what you can afford
. So your next step is to assess your finances:
Find out about interest rates
Understand your closing costs
Figure out your income, debt and down payment
Calculate how much home you can afford!
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