What it comes to each monthPrincipal, interest, a Bucks-sized property tax, insurance and mortgage insurance, plus the cash you'd bring to the closing table with the 2% transfer tax in it. How much houseIncome, monthly debts and savings in; a realistic price out, under conventional and FHA rules, with local tax assumptions. Transfer taxThe line item nobody warned you about. Type a price, see the 2% and the customary buyer's half.
Here's the order it happens in: run the payment first, then the affordability check, then the transfer tax on the price you land on. If the three don't agree, the lender who calls you back can say why.
Worth a phone call (267) 828-9047
Picked up day and night, calls recorded. No credit pull, no application.
A calculator estimates. A lender quotes. When you want the real number, call.
The form takes about a minute and lands in the same place as the call.