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May include fees for credit reports, recording costs, lawyer’s fees, points, title search, and so on

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Step 1.Divide the amount of the mortgage by $1,000.

Step 2.Look up the rate and term in the amortization table. At the intersection is the table factor.

Step 3.Multiply Step 1 by Step 2.

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This can be used to help find your monthly mortgage payment (per 1000 borrowed) by knowing the time and rate of the loan

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Buying a home on average saves $1,743 per year after living in a home for 6 years

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Purchasing a home is a MAJOR life decision

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Purchasing a home is a MAJOR life decision