Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "What counts as "debt" when calculating what house I can afford?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]How much of a down payment have you saved? When calculating the amount of house you can afford, work backwards. How much are you comfortable with paying each month? That amount should cover your loan, the tax and insurance load and increased anticipated utilities. You can ask sellers for a years worth of utilities to get an idea of those. The County should have a data base to look up the current tax load on the house. Call your current insurance agent to get a ballpark on the insurance costs. Then subtract the taxes, utilities and insurance costs from your comfortable monthly payment estimate. That is how much you can afford to pay on a loan. Use one of the loan calculators to see how much that would be and add it to your down payment. That is how much house you can afford.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
