The mortgage calculators that I find online don’t cout taxes and insurance, right?
August 18, 2007 · Print This Article
ChaseMakesMeSmile asked:
So, basically I need to add about $175/mo to every number that they give me, right?? (I know the number varies. This is the number that a USAA rep gave me for a $115,000 home in Davidson Co Tn.) …. I was getting my hopes up with those calculators, but I don’t think they’re accurate are they?
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So, basically I need to add about $175/mo to every number that they give me, right?? (I know the number varies. This is the number that a USAA rep gave me for a $115,000 home in Davidson Co Tn.) …. I was getting my hopes up with those calculators, but I don’t think they’re accurate are they?
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Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.
Go ask them what the millage rate is.
Mortgage calculators are almost always accurate - but use 2 different ones and make sure you enter the information accurately. You are right they don’t include taxes and insurance. You will have to add them as well as utilities - heating, electricity, water - which some renters do not pay for.