🚨 BEWARE Future Homeowners! 🚨
If you’re in the market for a new home, there’s something you need to know: The math on Zillow’s mortgage calculator doesn’t always add up! 🤯
While these tools are handy for quick estimates, they often leave out critical details that could significantly impact your monthly payment. Here are a few key costs that might be missing from those calculations:
🔸 Property Taxes
Property taxes vary widely depending on location and can add hundreds of dollars to your monthly payment. Zillow’s calculator may not reflect the actual tax rate in your area.
🔸 Homeowners Insurance
This is another cost often underestimated or entirely left out. Depending on the property and coverage needed, this could add a substantial amount to your housing budget.
🔸 HOA Fees
If your dream home is in a community with a homeowners association, you’ll need to factor in monthly or yearly HOA fees. These costs can vary greatly and aren’t always obvious upfront.
🔸 PMI (Private Mortgage Insurance)
If your down payment is less than 20%, you’ll likely need to pay PMI, which can significantly increase your monthly mortgage payment. Zillow’s calculator often skips this important detail.
Why This Matters
These seemingly “little” numbers can make a BIG difference in your monthly budget. Relying solely on online calculators might lead to surprises later—surprises that could stretch your budget thin or even jeopardize your dream home plans.
Let’s Get It Right the First Time
At Investin Real Estate Group, we go beyond the basics to ensure you understand the full financial picture. From hidden costs to the details of your financing, we’re here to help you plan with confidence.
đź“ž Call me: 281-546-4340
📧 Email me: investinregroup@gmail.com
Let’s make your home-buying journey smooth, informed, and successful.
Tracy King | Broker
Investin Real Estate Group