article thumbnail

Mortgage Calculator with PMI and Taxes

Savings Corner

Your debt-to-income ratio is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Property taxes: The annual tax assessed by a government authority on your home and land.

article thumbnail

Four Reasons to Have a Gravel Driveway

Prairie Eco-Thrifter

Gravel Doesn’t Cause The County to Raise Our Property Taxes. If we re-installed a paved surface driveway, the county assessor would no doubt cruise by and decide to raise our property taxes – at least according to my spouse! There Are Drawbacks To Gravel On A Driveway. Go Frugal Go Green'

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Much House Can I Afford? Affordability Calculator

Savings Corner

To calculate how much house you can afford, we take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of savings available for a down payment. How much mortgage payment can I afford? You can use your savings, investments or other sources.

article thumbnail

Meet a Reader | JenRR from the Midwest

The Frugal Girl

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. I live in a fairly transient town with lots of college students. We rented at first, but the rental situation in our new town was poor.

article thumbnail

Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

College education: Tapping into home equity to pay for college can make sense if the refinance rate is lower than the rate for a student loan. The balance doesn’t have to be repaid as long as the borrower lives in and maintains the home and pays their property taxes and homeowners insurance. Caret Down Yes, in most cases.

article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. Our non-mortgage debt was in the six figures when we started this plan and included 4 business loans and a student loan.

Debt 130
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. We have thought about moving to a larger home with more space, but a smaller home means lower utility bills, homeowners’ insurance premiums, maintenance, and property taxes. What could possibly go wrong?

Debt 130