True Cost of Owning

Name: True Cost of Owning
Rating: 4.8 (1240 reviews)
Author: Homees

Every monthly cost of a home - not just the mortgage

The full picture

Beyond the mortgage - the costs that catch buyers off guard.

Home price$700,000

Down payment$140,000

Rate4.79%

Amortization25 yr

Property tax / yr

Insurance / mo

Utilities / mo

Condo fees / mo

Maintenance1.0% /yr

True monthly cost

$4,564

$54,767 in your first year

Mortgage$3,206/mo

Property tax$375/mo

Maintenance$583/mo

Home insurance$120/mo

Utilities$280/mo

Mortgage is only part of the story

Monthly cost breakdown

$3,206/mo

Mortgage · 70%

$375/mo

Property tax · 8%

$583/mo

Maintenance · 13%

$120/mo

Home insurance · 3%

$280/mo

Utilities · 6%

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