How much can you afford? Determining how much you can afford and getting a loan approval is actually the very first step in the buying process. Calculating the overall monthly payment is more than just the principle and interest alone. Your total monthly cost of ownership requires adding in the escrows, property taxes and cost of insurance. These costs are variable and depend on the property you choose to purchase.

Below are the current average estimated mortgage interest rates for our region and a handy mortgage calculator so you can calculate the principle and interest portion of the monthly payment. Your actual interest rate will be dependant on your credit worthiness and type of loan you obtain.

As a Florida Luxury Realty professional, I will help you find the perfect home and then will tell you the estimated cost of property taxes and insurance so you will be certain that the home of your dreams is also one you can comfortably affordable to own.
 

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