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Everyone knows that buying a home requires a substantial financial investment with long-term ramifications. What you may not know is that if you plan to buy your home without a REALTOR® Professional, there are a number of “hidden” costs that should be factored in. (The worksheet below is a helpful guide to just a few the things you will need to consider).

Purchaser’s Estimated Costs

Price:
Purchase Price $ ________________
Down Payment $ ________________
Balance $ ________________
Gross Monthly Costs:
Principal & Interest $ ________________
Real Estate Taxes (estimated) $ ________________
Fire or Homeowner’s Insurance Premium $ ________________
Other: $ ________________
Monthly Cash Outlay (estimated) $ ________________
Monthly Tax Deductions:
Mortgage Interest (estimated) $ ________________
Real Estate Taxes (estimated) $ ________________
Total Monthly Tax Deductions (estimated) $ ________________
Net Monthly Cost:
Monthly Cash Outlay (estimated) $ ________________
Monthly Tax Savings
(assuming _______% tax bracket) $ ________________
Net Monthly Cost (estimated) $ ________________

If you have questions about any of the information you need to provide above, just ask a REALTOR®.

Members of the Bonita Springs – Estero Association of REALTORS® are real estate professionals who subscribe to the National Association of REALTORS® strict “Code of Ethics.” Not all real estate brokers are REALTORS® and so are not bound by the Code of Ethics. To make sure you’re working with a REALTOR® Professional, just look for the “R” trademark.

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Kevin McKeever

Naples Realty Services

Olde Cypress Golf and Country Club

Bonita Homes

 


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