Savings Corner
DECEMBER 25, 2023
Buy Calculator considers one-time costs — closing costs and the down payment — and ongoing expenses, like property taxes, an HOA fee, home insurance, and private mortgage insurance, or PMI, which you pay if your down payment is less than 20% on a conventional mortgage. Is renting always cheaper?
The Frugal Girl
FEBRUARY 18, 2024
While we were still renting an apartment, I researched areas with lower property taxes, scouted out my ideal neighborhoods, and waited for a smaller, less expensive house to come on the market. Our first house post-wedding was very sparsely furnished/decorated because I didn’t want to spend money on something I didn’t absolutely love.
Prairie Eco-Thrifter
JULY 13, 2014
They might include things such as fees charged for obtaining a mortgage; cost of home inspections; homeowner’s insurance; title insurance and settlement fees; property taxes or transfer taxes. Deductible closing costs include points or prepaid interest on your mortgage and your share of the prorated property taxes.
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