what are the yearly/monthly fees for a homeowner?

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I’m looking to purchase my first home and I wanted to try to take into account all my monthly/yearly expenses (not including utilities, although I will add this in later) to see how much house I can afford. this is what I have so far…am I missing anything?
mortgage payment (PMI not needed), hazard insurance, flood insurance (if applicable), HOA fees, tax, & termite bond (if applicable). Also, amount is reasonable to add for general up keep?

2 Comments
  1. Reply
    magnolia
    November 10, 2011 at 3:42 am

    Your mortgage payment should include the principle, interest, taxes, and insurance. If not, then they will be added separately as you have listed. It looks like you have the basics since you are not considering utilities at this time.

    General up-keep is 1% of the house value per year.

  2. Reply
    Cunning Linguist
    November 10, 2011 at 3:43 am

    As previous poster stated, your mortgage company is collecting tax on your behalf out of your payment, in order to make sure it is paid and their investment is not lost to the state.

    You haven’t mentioned utilites, which can vary wildly depending on the home and its occupants.

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