One-time expenses can include closing costs (including discount points) and any money spent on one-time repair or renovation of the property.You also have the choice of entering exact dollar amounts instead, if desired. You can enter down payment, one-time expenses, property taxes and homeowners insurance as a percentage of the home value and PMI as a percentage of the mortgage amount.Although you may not pay property taxes and insurance on a monthly basis, it is factored into the total monthly payment with the assumption that you are setting aside this amount (through escrow / impound account or some other means) every month.You should override and enter your own estimates, if required. These averages may not be accurate for your particular situation. PMI, property taxes and homeowners insurance (aka hazard insurance OR home insurance) are defaulted to national averages in the US. The actual PMI is based on your loan-to-value (LTV), credit score and debt-to-income (DTI) ratio.
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