G r e g   &   & q u o t ; S i l e n t & q u o t ;   B o b    
Budgeting         
This is Where Your Slogan Would Go
About Me
Properties
For Buyers
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Budgeting
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Interest Rates
Closing Costs
 

Rates &
Indicators
Rate Chg
30 Yr Tres 1.23%
Fed Prime 6.00%
30 Yr Fixed 6.125%
15 Yr Fixed 5.5%
1 Year ARM 4.75%
as of 7/24/2008


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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