|
Monthly mortgage payment if you bought a
home |
This
is your "target" monthly payment of Principal and Interest
plus Property Taxes. We assume at this point that you\'d qualify.
Minimum: $ 200
Maximum: $10000 |
| Down payment
for new home |
Enter
the actual down payment available to you. We'll assume that, if not
applied to your home purchase, it could be invested to earn 4% after
tax.
Minimum: $ 2000
Maximum: $1000000 |
|
Annual property taxes of new home |
Estimated
annual property taxes billed by municipality.
Minimum: $ 300
Maximum: $10000 |
| Interest rate
of mortgage |
Please
specify the rate you require (or expect), from the lender you choose.
Minimum: 2
Maximum: 25 |
|
Yearly appreciation of new home |
What is the
expected average annual increase in property values that you (conservatively)
believe will apply to the home you would purchase.
|
| Monthly rent |
Please
average your expected rent payments. If you would not have to pay
any rent (living with parents, etc) please do not change the default
of zero.
Minimum: $ 0
Maximum: $ 5000 |
| Years to compare |
The
length of time you'd be prepared to wait before buying if it made
sense financially. |
