EXAMPLE PAGE - REAL ETSTATE - COLDELL BANKER - Flipbook - Sida 8
HOMEBUYING BASICS
Fine Tune
Your Budget
1. DOWN PAYMENT
Now it’s time to calculate your budget in more
estate agent can help you determine which
detail. To help you, here are three major costs
associated with purchasing a property.
This is how much you pay upfront. The larger
the down payment, the smaller your mortgage.
The standard down payment is 20% of the cost
of the home, but other programs are available,
especially for first-time homebuyers. Your real
program is the best fit for you.
2. MONTHLY MORTGAGE COSTS
Include the mortgage, homeowner’s
insurance, mortgage insurance (if applicable),
property taxes and escrow deposits, which
can be combined with the monthly mortgage
payment.
3. CLOSING COSTS
Include appraisals, title insurance, inspections,
attorneys, title transfers and additional fees.
To estimate fees and other closing costs, fill
out the Estimated Closing Costs Worksheet on
page 7. Your agent will help you estimate these
costs.
Work with your agent
to determine all costs
associated with purchasing
a home.
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