So Many Benefits!
Business networking and professional development are just a couple of the many benefits of membership in Rotary. Please contact us or fill out our application form if you are interested in becoming a new member!
Keep 1%–3% of the home's value in savings for annual repairs.
To help you get a more accurate number, I can run specific calculations if you'd like to share: Your ? Your total monthly debt payments ? How much you have saved for a down payment ? Your approximate credit score range?
Example: $308,000 (Loan) + $50,000 (Cash) = ⚠️ Important Considerations calculate home buying power
Subtract roughly from that max payment to account for property taxes and insurance.
Example: ($8,333 x 0.36) - $400 car payment = Step 3: Factor in "Hidden" Costs Keep 1%–3% of the home's value in savings
Example: $2,600 - $650 = Step 4: Use a Mortgage Table
The "gold standard" to avoid Private Mortgage Insurance (PMI). 3. Credit Score & Interest Rates How much you have saved for a down payment
Your total monthly debt payments (mortgage + car loans + student loans + credit cards) should not exceed 36% of your gross monthly income. 2. Down Payment Amount 3.5%: Minimum for FHA loans.
Business networking and professional development are just a couple of the many benefits of membership in Rotary. Please contact us or fill out our application form if you are interested in becoming a new member!
