Jace Gilbreath, Realtor

Wondering what it actually costs to buy a home?

Buying a home is a significant financial commitment, and understanding the potential costs involved is essential. Let's take a look at three fictional scenarios to help illustrate potential costs at different price points.

1. Jace | The Starter:
Jace is a newbie in the home buying game, considering a townhouse that has a market price of $250,000.
With a 20% down payment, a 30-year mortgage, and an interest rate of around 5%, Jace’s monthly payment would come to about $1,074. Include property taxes, insurance, and any potential HOA fees, and his total monthly expenses would come up to around $1,374.

2. Geneva & Patrick | The Upgraders:
Geneva and her husband Patrick are expecting a baby and need more room. The home of their dreams carries a price tag of $500,000. With a 10% down payment, a 30-year mortgage, and an interest rate of 5%, their monthly payment would be around $2,684. Incorporating property taxes, insurance, and potential HOA fees, the total monthly expense would be approximately $3,484.

3. Jeana | The Idealist
Jeana has discovered her dream property in the perfect neighborhood. This exquisite property is priced at about $1 million. With a 20% down payment, a 30-year mortgage, and an interest rate of 5%, Jeana's monthly payment would be $4,295. Include property taxes, insurance, and possible HOA fees, and Jeana’s total monthly outlay is estimated at about $5,895.

Using these characters can get a rough idea of what you would be paying at different price points. For accurate prices, interest rates, and monthly expenses, talk with a trusted mortgage advisor and get personalized information.

Ready to take the next step? I would be happy to connect you with a trusted mortgage lender, Trey Jordan. I can get you set up to receive automated emails each time a home that fits your criteria hits the market (before Zillow!) Send me a message and let's get started today!

JUST LISTED!!!

Swipe through this post to see more details about this home or head over to jace.WilliamsKW.com to view this home and reach out to Kristen directly with questions. Contact information is at the end of the pictures.

If you're in search of a home for yourself and your loved ones here in Austin, TX, or are considering putting your house on the market? Give me a call!

My contact information
☎️ 512-768-2342
📧 [email protected]
🖥️jace.WilliamsKW.com