Disclaimer The Affordability Planning Analysis is provided to you for your convenience only. The calculation results are estimated values based on the data you submit. Property tax is based on 1.25% per year in California. Closing cost is based on 2.5% of the loan value. Actual property tax rate and closing cost percentage may vary. If down payment is less than 20%, Primary Mortgage Insurance (PMI) will be required. Actual PMI rate may be different from those used in this analysis. Total payment represents the sum of property tax, loan and PMI payments; other monthly expenses are not included. The loan amount is calculated based on the data entered. Actual amount you are approved to borrow may be different. The accuracy of the calculation results are not guaranteed. Please consult your financial advisor and loan representative for accurate results. Planning ahead helps you deal with the unexpected. Before spending all your cash on the down payment for your dream property, you may have thought of reserving enough cash to pay for the mortgage payment, property tax and Primary Mortgage Insurance (PMI) for a set period of time. You can invest the rest on down payment and closing cost without worrying about not having enough cash reserved for the near future. This analysis helps you plan ahead and find out how much you can borrow, the maximum property price you can afford, the amount to be reserved, and the amounts for down payment and closing cost.
Disclaimer
The Affordability Planning Analysis is provided to you for your convenience only. The calculation results are estimated values based on the data you submit. Property tax is based on 1.25% per year in California. Closing cost is based on 2.5% of the loan value. Actual property tax rate and closing cost percentage may vary. If down payment is less than 20%, Primary Mortgage Insurance (PMI) will be required. Actual PMI rate may be different from those used in this analysis. Total payment represents the sum of property tax, loan and PMI payments; other monthly expenses are not included. The loan amount is calculated based on the data entered. Actual amount you are approved to borrow may be different. The accuracy of the calculation results are not guaranteed. Please consult your financial advisor and loan representative for accurate results.
Planning ahead helps you deal with the unexpected. Before spending all your cash on the down payment for your dream property, you may have thought of reserving enough cash to pay for the mortgage payment, property tax and Primary Mortgage Insurance (PMI) for a set period of time. You can invest the rest on down payment and closing cost without worrying about not having enough cash reserved for the near future. This analysis helps you plan ahead and find out how much you can borrow, the maximum property price you can afford, the amount to be reserved, and the amounts for down payment and closing cost.
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