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My dream home is in 9612 Cortada St UNIT A, El Monte, CA 91733. The monthly payment for my dream house would be $2,245.98. The yearly payment for my dream home is $26,951.76. My dream home will have my family in it because I love them. The cost of the house is $659,980.

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My dream house is in Victorville, California. It would cost $2422 a month. I picked this house because my brother and sister own a similar house in the city and I love it. It has lots of space and is perfect for me and my family/friends. The mortgage is
$1,047.33 and I would have to work very hard to make sure I’ll have enough for it. The yearly costs would be about $29064

Mortgage:$1047.33
Monthly cost:$2422
Yearly cost:$29064

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My dream house would cost $4,800 every month and is located in Arcadia. I picked this house because the city and street is very nice where I could raise my 4 kids in. The bills would be $1,782 monthly.  It has  5 bedrooms, 4 bathrooms and with a big backyard.

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My dream house costs $2,648,000. The monthly mortgage would be around $9,011. The very rough estimate of monthly costs is $2,626 which I doubt is true. If me and my spouse were to have an income of $160,000 a month, it would be more than enough to sustain. Yearly costs of my dream house with monthly bills included would be, $139,644. I’m certain this is much less than the actual expenses since I couldn’t fill out the rest of the information on the budget calculator.

Monthly Mortgage: $9,011
Monthly Costs: $2,626
Rough Estimate of Yearly Costs: $139,644

This photo isn’t actually the house.

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My ideal home would be in Perth, WA (Western Australia), which is 9,342 miles from where I am currently living. The reason I chose this area is because my dream is to marry someone (preferably a blonde woman name Rikki), and live out my childhood dream being with a mermaid (and possibly becoming one myself). While I am aware that the show (H2O Just Add Water) didn't take place in Perth (it was actually filmed on Gold Coast, Queensland Australia) and that I will never become a mermaid, I actually don't really care and just want to live anywhere in Australia.

For the house, which is a one story home with five bedrooms, 3 bathrooms, and a pool, the he price of the house is around $1,000,000 on the low and and $1,400,000 on the high end. Monthly pay would be around $5,770 and yearly pay would be around $69,280. My spouse (preferably a blonde woman name Rikki) and I would have to make $100K+ yearly in order to sustain the house.

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Yearly cost for housing- 288,652
Yearly cost for food- 104,236
Yearly taxes- 290,903
I would need to make 33,000 a month in order to maintain my dream life.

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This is my dream house. It is located in Los Angeles, CA. I really liked the look of this house. My favorite areas were the garden and studio. I thought about it and I realized that I truly don't want to move far from my family.  The house costs $1,649,000 in total. The monthly pay would be about $7,255  ($10,160 with housing and utilities). The yearly cost would be $87,060 ($121, 920 with housing and utilities).  My spouse and I would have to make $11,736+ monthly in order to sustain my dream house.

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This is my dream house, it is located in Helena, MT. This house costs $324,900, or a monthly payment of $1,480. Property taxes are $260/mo, Home insurance is $114/mo, and the principal and interests are $1,106/mo. Monthly bills would range from $400 - $500
Yearly cost would be around $23,160. Fun features about this house it's a 4 bedroom 3 bathroom house, build in 2012. This is a house for a single family with a lot of 6,969 sqft, for parking it has a detached garage. The reason why I picked this basic house is because I feel like there is no use in having such big house, yes I understand that many of us want to go all out and get a house that we really like. I don't judge you or the house you picked but I personally like smaller houses.

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My ideal home would be in Sanctuary Cove, Australia which is about 7,487 miles away from where I'm currently living at. The price of this house is estimated to be between             $ 1 , 900 , 000 -      $3 , 000 , 000 .  I chose this house in this area in specific because this house gives off really friendly and welcoming energy which is something I value and keep in mind while looking for homes.
Down payment :  $ 600 , 000
interest rate : 3 . 120%
Monthly payment : $ 12 , 317
property tax : $ 1 , 975
Personal monthly expenses:$3, 600
interest fees : $ 6 , 440
In addition, making up to
$ 600 , 000 - $ 800 , 000 dollars a year or $ 50 , 000 dollars monthly would be required to be able to afford a house in this price.

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This is my dream house and it's located in West Covina, CA. I choose West Covina because it's really close to El Monte, which is were i was raised. The total price of the house is 2,470,000, the house has 4bd, 6ba, 4,246 square feet. The monthly mortgage is 8,405.68 and my monthly expenses would be 1,074. If I become a Pediatrician than I would make 14,779 more than enough to by my dream home.

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This is my dream house it is located in Santa Barbara. I chose this place because the rooms are an average space giving it a very calming vibe and the patios/balcony's are very beautiful. The total cost for this home is $9,950,000 or $33,860.94 a month. I'd have to make around $48,000 in order to maintain this home. Honestly this home is a little dramatic because there is a lot of yard space. My preferences would most likely change a little bit such as maybe wanting a smaller home but with the same architecture.

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This is my dream home and the cost of the home is $1,875,000 it’s in Beverly Hills 2054 N Beverly Hills CA, 90210 the cost of the monthly payment is 6,476 dollars it has 3 bed rooms and 3 bathrooms and it has a pool, the yearly cost of my home would be $77,712

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This is located in Chino hills and it is my dream home. It cost around $750,000. Its mortgage would be about $3,400 a month. As for the monthly bills it would be around $8,820.

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I don't really have a dream house but my ideal home would be located in Pacific Palisades,CA 90272, I chose this house because it's close to a beach and it looks really aesthetically pleasing to look at inside, The estimated price for the house is $699,000, monthly cost is $4,091, and the yearly is at least 122,730. The house has 2 bedroom and bathrooms.
I would at least need to make about $25,000   to $,155,000 to maintain my home because to buy all the required items for my house, it would costs at least $10,000 to $20,000 to keep living in it.

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This is my dream house, it is located in Los Angeles. I chose this place because I really enjoy the white and the homieness of this house I also really like the natural light and the open floor plan. I chose LA because I cannot imagine living anywhere else. I love the city, the weather, the diversity, the people, the scenery, everything about LA and I can’t do the cold so I couldn’t live anywhere else.
Cost: monthly it’s about $8,180
The house costs $998,000

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This house is located in

1607 Carlyle Ave, Santa Monica, CA 90402. It costs around $4,495,000. The mortgage is $15,296.98 a month. The yearly cost would be $183,563.76. The monthly cost with expenses is $16,177 and yearly with expenses would be $194,124. If I were to live in this house by myself I would have to make a minimum of $20,000 a month and would have $3,823 to spare a month so I would need a job with a yearly salary of $200,000. I choose this as my dream house because it looks beautiful and the inside looks even better and looks like a very serene place to live at.

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This is my dream house and its located in Arcadia CA. The cost of the house is $4,188,000 but mortgage is $18,411/mo

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Dream house in Japan, near shibuya city. 

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Dream house in Japan, near shibuya city. 

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-Miguel Mendez

House would cost around 2,358,535.05 dollars
3 bedrooms, 1 bathroom 160 meters sq, and two storys with a balcony.
Monthly would cost around 849,072.62 plus home ins+other
equal 10,734.89 monthly
Annually 3,864,559.65
it is also pet friendly.
In order to live here i would need to make at least 990,000
And I'll have about 143,000 left over each month
So I would save up or probably change my ideal house, but this is what I'm aiming for in the future. Definitely expensive, might change my mind. Until then this is what I want.

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This is my dream house it is located in San Francisco and the house cost $2,198,000 and the mortgage a month would be $7,480 for me to live in the house i would have to get a high paying job that i can make 10,000 a month and also my spouse would also have to make around  the same. In a year I would need a job that pays $110,000 so that I would be able to cover all of the expensives. The cost of the home a year would be $83,760.36.This is my dream house because it looks like a nice and peaceful place to live at.

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New Mexico (San Juan       Mountains)

1.  Price: $2,895,000

Estimated monthly cost: $13,301

Principal and interest: $11,226/mo

Property taxes: $1,062/mo

Home insurance: $1,013/mo

3. Yearly cost: $159,612

To be able to afford this house in New Mexico, you will have to make at least $261,971. There are 5 bedrooms, 5.5 bathroom. There's also a greenhouse on the property for fresh herbs and vegetables. This cabin is my final decision because it is in Mexico, very spacious, and far from society. Since it contains many rooms, I will be able to keep my family, who are in need, with me.     As I am planning to become a psychologist, I will definitely have to work hard to be able to afford a house similar to this one.  Principal and interest are  $11,226/mo, property taxes are $1,062/mo, home insurance is $1,013/mo , this will be a total of $13,301. When we are talking about the yearly cost, it is $152, 612. Since this house is at Mexico, I will be able to visit many places and my family.

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My ideal dream home would be to live in Arcadia which is located in Los Angeles county.  The reason i choose to live here is because it has so much to offer! Also it is near Los Angeles which is were my family lives. I think living in Arcadia would be the perfect fit for me.
The estimated cost would be  about $3,185,261 or $8,847 a month.  For everything that goes with the home, i think its worth it. A few examples would be the beautiful  architecture presented in the homes, the city, and the streets. One unique thing about living in Arcadia would be the nature. Often times when you go you may see peacocks in trees, crossing the streets , or even in you front yard! Also your surrounding are peaceful and full of greenery. Another reason why this would be my ideal home is  because it is also filled with many great shops,stores and has good places to eat around it. Arcadia is near Los Angeles, and I have always wanted to stay somewhere near Los Angeles because its where all the action happens. Many events and  events are held there, and i would be close to them all day long. The last reason i want to live in Arcadia is because my grandma has always wanted to live there. I want to make her proud and see a smile on her face. I want to tell her we did it!
In conclusion Arcadia would be my dream place to live because it has a beautiful city, distinctive nature, unique architecture, and is near many action pact places. Living here would be a perfect fit for me in the future.

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This house is located in Beverly Hills the total price of this house is $858,000. This house contains 2 bedrooms and 2 bathrooms. The monthly mortgage of this house would be $2,938.50. With bills included, the monthly pay for this house would actually be $10,108. I plan to do with with a doctors salary, which is $150,000 +spouse's.

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This house is located in Arcadia and it is my dream house because i like the way the neighborhood looks and i like the city itself. Now to live there It cost $2,290,000 and it would cost monthly $7,793 and yearly it would cost $93,000.If i were to live in this house i would have to earn more then $9,200 per month. Now for all of the bills per month like water, light, and trash it would cost me over $700 per month. So in total it would cost $8,493 per month and per year it would cost $101,400 to live in my dream house.

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The house costs $2,980,000 to buy. The mortgage is $10,141.27. The home is located in Honolulu, Hawaii. I am going to need to make $9,670 (combined with spouse) a month for the monthly bills which will bring up the total to about $19,811.67. That will leave that with $8,189 to spare.
I picked house because,  I absolutely love the area. I have always dreamed of going to Hawaii and even living in there my whole life! The house is very beautiful the atmosphere of the house is beautiful. Another selling point that it  has is the pool! I have always loved swimming, but I have never had a proper one like that well, I have swam in multiple but they where never own by my family. I did not pick a house that was too big because I have lived in smaller houses my whole life so, I am not a huge fan of huge huge houses. I think that huge houses are only really necessary if you have a big family. I am not planning on having any kids either.

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This house is 72,000,000 and the monthly mortgage will be 100,976.16 it is located in Beverly Hills, CA. The yearly cost would be around 1,211,713.92.

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This is my dream house and it's located in Beverly Hills. It's really expensive. The house costs $1,599,000 and it's monthly mortgage is $7,058. The yearly cost for the house would be $84,696. If I were to live in this house by myself, I would have to make around at least $10,000 a month.

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This is my dream house and it is located in Los Angeles. This $975,00 condo has 2 bedrooms, 2 full bathrooms and is over 1,343 square ft. The monthly mortgage I would have to give would be at least $10,480. (included w/bills). The yearly mortgage I would have to pay would be $15,308,000(included w/bills).

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This house is located in Camarillo CA. It cost $4,199,000. The monthly mortgage is $14,289.66. I'm going to need to make $75,000(without spouse), which leaves me with $60,710.34. Which would be enough to pay off bills and other things.
I choose this house because it is a beautiful area to live in, and it has a pool, cinema, basketball and tennis court. I do plan on having kids. I feel like this would be a good area to start and raise a family in. I chose a big house because I want my kids to know that they can have a place like this of their own one day and all they need to do is be successful in life.

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it will cost 725,000. the monthly  pay is 2,467.25 dollars for a yer it is 29,607 dollars. the monthly budget is  63,383 ,the yearly budget is 823,979. it is located in San Diego, California. this would be my dream home to live in because San Diego is a beautiful place to live.

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This is located in 30802 Coast Hwy SPACE M4, Laguna Beach, CA 92651. It will cost $263,500 to buy. The monthly payment is $896.72. It is located in California. I will make about $10,000 dollars. When I pay I will have $9,103 dollars left to spend. I would like to live here because it is close to the beach and I like going to the beach. It has three bedrooms and 2 bathrooms. It is a nice place to live and it is not that expensive to live in. I would have a lot of spare money to use for other necessities. It would be very fun with kids after I settle down.

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Zillow: Real Estate, Apartments, Mortgages & Home Values

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The leading real estate marketplace. Search millions of for-sale and rental listings, compare Zestimate® home values and connect with local professionals.

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It will cost $1,419,938.47.The monthly mortage will be 4,832.20.It is located in Southam ,England.The monthly bills will be 6,382.I would make 16,000 a month and have 9,618 dollars to spare.I would need to earn 16,000 a year to be able to afford this house.I will also have to pay for feed since I will have horses which cost lots of money to mantain.I would also have to pay car insurance which is very costly depending on which car you have and I would really like a black model x tesla.

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Building a good budget is the key to managing your money. This free budget calculator will give you a clear view of your monthly finances and help you find places to change your budget to make the most of your income.*

Want help with your budget? Try a free counseling session.

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Monthly Budget Calculator | Clearpoint Credit Counseling

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Building a good budget is the key to managing your money. This free budget calculator will give you a clear view of your monthly finances and help you find places to change your budget to make the most of your income.* Want help with your budget? Try a free counseling session.

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- $3,014,300
- $10,258 a month
- $123,096 yearly
- 24 years to fully pay the house
A house like this is worth the money and you wouldn't need a pool because you have the ocean. Living in Malibu would be a dream and being able to make that much money would be insane.

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The Mortgage Calculator helps estimate the monthly payment due along with other financial costs associated with mortgages. There are advanced options to include extra payments or annual percentage increases of common mortgage expenses. The calculator is mainly intended for use by the U.S. residents.

Mortgages

A mortgage is a loan secured by property, usually real estate property. Lenders define it as the money borrowed to pay for real estate. In essence, the lender helps the buyer pay the seller of a house, and the buyer agrees to repay the money borrowed over a period of time, usually 15 or 30 years. Each month, a payment is made from buyer to lender. A portion of the monthly payment is called the principal, which is the original amount borrowed. The other portion is interest, which is the cost paid to the lender for using the money. There may be an escrow account involved to cover the cost of property taxes and insurance. The buyer cannot be considered the full owner of the mortgaged property until the last monthly payment is made. In U.S., the most common loan is the conventional 30-year fixed-interest loan, which represents 70% to 90% of all mortgages. Mortgages are how most people are able to own homes in the U.S.
Mortgages are Secured Loans
Because a house or purchased property acts as collateral in exchange for the money borrowed to finance the purchase, mortgages fall under the category of secured loans. As a result, failure by the borrower to repay the borrowed money and interest to the lender gives the lender the right to take over the secured property. A foreclosure is a legal process in which a mortgaged property is sold to pay the debt of the borrower who defaulted.

Key Components of a Mortgage

A real estate mortgage usually includes the following key components:

Loan amount-the amount borrowed from a lender or bank. The maximum loan amount one can borrow normally correlates with household income or affordability. To estimate an affordable amount, please use our House Affordability Calculator.

Down payment-the upfront payment of the purchase, usually a percentage of the total price. In the US, if the down payment is less than 20% of the total property price, typically, private mortgage insurance (PMI) is mandatory until the principal is paid down to less than 80% or 78% of the total property price. The PMI rate normally ranges from 0.3%-1.5% of the total loan amount, depending on various factors. A general rule-of-thumb is that the higher the down payment, the more favorable the interest rate.

Loan term-the amount of time over which the loan must be repaid in full. The most popular lengths are 30 years and 15 years. Normally, the shorter the loan term, the lower the interest rate.

Interest rate-the rate of interest charged by a mortgage lender. It can be fixed (otherwise known as a fixed-rate mortgage, or FRM), or adjustable (otherwise known as an adjustable rate mortgage, or ARM). The calculator above is only usable for fixed rates. For ARMs, interest rates are generally fixed for a period of time, after which they will be periodically adjusted based on market indices. ARMs transfer part of the risk to borrowers. Therefore, the initial interest rates are normally 0.5% to 2% lower than FRM with the same loan term. Mortgage interest rates are normally expressed in Annual Percentage Rate (APR), which is sometimes called nominal APR or effective APR. It is the interest rate expressed as a periodic rate multiplied by the number of compounding periods in a year. For example, if a mortgage rate is 6% APR, it means the borrower will have to pay 6% divided by twelve, which comes out to 0.5% in interest every month. APR will usually have some additional costs rolled in.

The most common way to repay a mortgage loan is to make monthly, fixed payments to the lender. The payment contains both the principal and the interest. For a typical 30-year loan, the majority of the payments in the first few years cover the interest.

Costs Associated with Home Ownership and Mortgages

Monthly mortgage payments usually comprise the bulk of the financial costs associated with owning a house, but there are other important costs to keep in mind. These costs are separated into two categories, recurring and non-recurring.
Recurring Costs
Most recurring costs persist throughout and beyond the life of a mortgage, they are a significant financial factor. Property taxes, home insurance, HOA fees, and other costs increase with time as a byproduct of inflation. There are optional inputs within the calculator for annual percentage increases. Using these can result in more accurate calculations. In some cases, these routine costs combined can be more than the mortgage payment!

Property taxes-a tax that property owners pay to governing authorities. In the U.S., property tax is usually managed by municipal or county government. The annual real estate tax in the U.S. varies by location, normally ranging from 1% to 4% of the property value. In some extreme cases, the tax rate can be 10% or higher.

Home insurance-an insurance policy that protects the owner from accidents that may happen to their private residence or other real estate properties. Home insurance can also contain personal liability coverage, which protects against lawsuits involving injuries that occur on and off the property. The cost of home insurance varies according to factors such as location, condition of property, and coverage amount. Typically, the annual cost can range from 0.1% to 5% of the property value.

Private mortgage insurance (PMI)-protects the mortgage lender if the borrower is unable to repay. In the U.S. specifically, if the down payment is less than 20% of the property value, the lender will normally require the borrower to purchase PMI until the loan-to-value ratio (LTV) reaches 80% or 78%. PMI price varies according to factors such as down payment, size of the loan, and credit of the borrower. The annual cost typically ranges from 0.3% to 1.5% of the loan amount.

HOA fee-a fee that is imposed on the property owner by an organization that maintains and improves the property and environment of the neighborhoods that the specific organization covers. Condominiums, townhomes, and some single-family homes commonly require the payment of HOA fees. Annual HOA fees usually amount to less than one percent of the property value.

Other costs-includes utilities, home maintenance costs, and anything pertaining to the general upkeep of the property. It is common to spend 1% or more of the property value on annual maintenance alone.

Non-Recurring Costs
These costs aren't addressed by the calculator, but they are still important to keep in mind.

Closing costs-the fees paid at the closing of a real estate transaction. These are not recurring fees, but they can be expensive. In the U.S., the closing cost on a mortgage can include an attorney fee, the title service cost, recording fee, survey fee, property transfer tax, brokerage commission, mortgage application fee, points, appraisal fee, inspection fee, home warranty, pre-paid home insurance, pro-rata property taxes, pro-rata homeowner association dues, pro-rata interest, and more. Sellers will share some of these costs. It is not unusual for a buyer to pay about $10,000 in total closing costs on a $400,000 transaction.

Initial renovations-some buyers may choose to renovate before moving in. Examples may be changing the flooring, repainting the walls, updating the kitchen, or even overhauling the entire interior or exterior. These renovations can become costly very quickly.

Miscellaneous-New furniture, new appliances, and moving costs are also significant and common non-recurring costs of a home purchase.

Early Repayment and Extra Payments

In many situations, mortgage borrowers may want to pay off mortgages earlier rather than later, either in whole or in part, for reasons including but not limited to interest savings, home selling, or refinancing. However, before doing so, it is important to first check with mortgage lenders to see if they accept early or extra payments, as some will have prepayment penalties.
Prepayment Penalty
A prepayment penalty is an agreement, most likely explained in a mortgage contract, between a borrower and a mortgage lender that regulates what the borrower is allowed to pay off and when. Penalty amounts are usually expressed as a percent of the outstanding balance at the time of prepayment, or a specified number of months of interest. The penalty amount typically decreases with time until it phases out eventually, normally within 5 years.

There are two types of prepayment penalties, soft prepays and hard prepays. A soft prepay allows for the sale of a home without penalty, while a hard prepay penalizes a person for not only selling a home, but also refinancing it. Most mortgage lenders allow borrowers to pay off up to 20% of the loan balance each year. One-time payoff due to home selling is normally exempt from a prepayment penalty. Few lenders charge prepayment penalties in response to the sale or refinancing of a home, but be sure to review the loan terms carefully just in case. FHA loans do not have prepayment penalties.
Early Repayment Strategies
Aside from paying off the mortgage loan entirely, typically, there are three main strategies that can be used to payback a mortgage loan earlier. Borrowers mainly adopt these strategies to save on interest. These methods can be used in combination or individually.

1. Refinance to a loan with a shorter term-Interest rates of shorter term mortgage loans will most likely be lower. This is because in the lenders' eyes, shorter loan lengths are less risky, so they are more willing to provide more favorable interest rates to the borrower. Keep in mind that this imposes higher financial pressure on the borrower due to the higher monthly mortgage payments. Also, there may be fees involved.

2. Make extra payments-on typical long-term mortgage loans, a very big portion of the earlier payments will go towards paying down interest rather than the principal. Any extra payments will decrease the loan balance, thereby decreasing interest, and allowing the borrower to pay off the loan earlier in the long run. Some people form the habit of paying extra every month, while others pay extra whenever they can. There are optional inputs in the Mortgage Calculator to include many extra payments, and it can be helpful to compare the results of supplementing mortgages with or without extra payments.

3. Make biweekly (once every two weeks) payments of half month's payment instead-since there are 52 weeks each year, this is the equivalent of making 13 months of mortgage repayments a year instead of 12. This method is mainly for those who receive their paycheck biweekly. It is easier for them to form a habit of taking a portion from each paycheck to make mortgage payments. Displayed in the calculated results are biweekly payments for comparison purposes.

Benefits of Early Repayment
There are a number of reasons for borrowers to pay off their mortgage sooner, either in whole or in part.

Interest savings-due to the size and length of the mortgage loan, the savings on interest can be significant.

Shorter repayment period-the more additional payments made, particularly early in the life of the loan, the shorter the overall loan term.

Personal satisfaction-many people like the feeling of being debt free and having full ownership of a house.

Drawbacks of Early Repayment
While paying off a mortgage earlier may sound like a great idea, it may not make sense in all cases.

The investment opportunity costs may be high-In the grand scheme of finance, mortgage rates tend to be on the lower end. For instance, paying off a mortgage with 4% interest does not seem so enticing for people that can make 10% or more return on investments.

Capital locked up in house-Paying off a mortgage earlier than usual can result in too much money being locked up in a home too fast. While this may be good to some people, it can place financial burdens on borrowers who require a certain level of liquidity to maintain their financial health. In the case of an emergency, it is much easier to access funds in an investment account or bank account rather than funds in the form of home equity. Also, accumulated home equity may be counted against the owner when applying for need-based college aid.

Lose the tax deduction-In the U.S., mortgage interest is typically tax deductible. During the earliest years of a mortgage when interest payments are the highest, borrowers may benefit from a sizable deduction, especially if they are in a higher tax bracket. No more mortgage means no related tax deduction any more. Keep in mind that this perk is generally only available to taxpayers who choose to itemize their tax deductions rather than take the standard deduction.

Brief History of Mortgages in the U.S.

In the U.S., before the Great Depression, home mortgages were five to ten-year loans offered by private firms that only covered about 50% of a home's value, and the principal was due as a balloon payment at the end of the term. As a result, the prospect of becoming a homeowner as an American then was not as promising as it is today. The modern mortgage got its start in 1934 when the Federal Housing Administration (FHA) sought to find a way to pull the country out of the Great Depression. The FHA introduced a new type of home loan aimed at people who couldn't otherwise get them. Characteristics of these new mortgages included lower down payments, 30-year amortizations, 80 and 90% loan-to-values or higher, and universal standards for home qualification as well as construction standards, which were unheard of at the time. All of these characteristics contributed to mass home-ownership becoming a reality. The ease with which an American could own a home would go on to become one of the many factors known as the American Dream.

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Free mortgage calculator to find monthly payment, total home ownership cost, and amortization schedule of a mortgage with options for taxes, insurance, PMI, HOA, early payoff. Learn about mortgages, experiment with other real estate calculators, or explore many other calculators addressing math, fitness, health, and many more.

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If you know film then you know what house this is (scarface mansion). The house sold for 12 million and if I were to pay mortgage for 30 years it would cost $50,888.96 per month. This is such an iconic piece of film history so it has to be my dream home. If I am a successful actor which I wish to be, then I could mostly buy the house without a mortgage.

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Think of where you would like to live in the future.  What is your dream home and neighborhood?

1. Research the area where you would like to live.
2. Use the links provided to figure out the monthly AND yearly cost of your dream home (with monthly bills included).
3. Next, create a post.  In a one or two paragraph response, summarize all the information.  Include how much you would have to make monthly in order to sustain your dream home.
4. Include a picture with your post and your NAME.