This is a handy calculator on the Fannie Mae site. What I like about it is that you can get a realistic idea of your monthly expense. In the Advance tab, you can add in insurance, taxes as well as adjusting the other parameters. Too often, people look only at the mortgage cost and don’t take into account the other expenses only to learn later that the property is more expensive than expected. Don’t this happen to you, or you may find yourself with a problem property!

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