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Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Determining your budget involves considering your income, expenses, and creditworthiness. Consulting with a mortgage lender will help you understand how much you can borrow and what monthly mortgage payments you can comfortably afford.
Closing costs are fees associated with the finalization of a real estate transaction. They typically include costs such as appraisal fees, title insurance, lender fees, and taxes. Both the buyer and seller have closing costs, but traditionally the buyer is responsible for a majority of them. However, these costs can be negotiated as part of the purchase agreement.