Principal, Interest, Taxes, Insurance & Fees
• A 20% down payment typically eliminates the need for PMI
• Consider a 15-year loan to save significantly on interest
• Property taxes vary by location - check local rates
• Shop around for the best interest rates from multiple lenders
• Factor in closing costs (typically 2-5% of home price)
Get pre-approved for a mortgage with BMT Bank to strengthen your offer and streamline the buying process.