Buying a home

Life Events > Buying a Home
Whether you're a first-time homebuyer or you want to refinance, it's important to give your finances extra consideration to help position you to pursue your goal.
Keep in mind:
Estimate your mortgage principal and interest payments. For any given interest rate, a longer-term loan will cost less each month but add up to more in the long run.
Look carefully at real estate taxes: In some areas, there may be separate taxes for local government and schools, as well as for regional agencies such as water supply.
Homeowners insurance costs vary widely. You may be able to use the home seller's current bill as an approximation for your budget.

How does a mortgage work?

Learn what a mortgage is, how one works, and how payments are applied to your principal.

Winning the negotiation when selling your home

In a real estate sale, knowing how to negotiate can be critical.

Monthly mortgage payment calculator

Use this mortgage calculator for estimated monthly mortgage payments and rate options.

What is private mortgage insurance

Lenders typically require PMI from homeowners whose mortgages are more than 80% of the value of their home.

Closing costs calculator

This tool can help you estimate your total closing expenses.

Fixed vs. adjustable rate mortgages

One of your first homebuying decisions will be whether to look for a fixed-rate or adjustable-rate mortgage.

Planning for extra costs when buying a home

Learn about the extra costs associated with buying a house besides your mortgage payment.

How much home can you comfortably afford

Before you fall in love with a house, make sure you can cover the costs for everything you'll need to pay for.
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