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What a house would really cost you
Put your numbers in once. The receipt shows the monthly payment line by line, the cash you'd bring to closing, and what's comfortable for your budget.
More details
Your receipt
Cash to close
Against your budget
- Compared with your rent
- Comfortable up to
- Lender stretch up to
Mitchell Royce, Real Estate Salesperson
Ohio License #2024004980
An estimate, not a pre-approval. Rate and limits as published on ; your lender's numbers will differ. Fixed assumptions: 30-year term, home insurance $1,500 a year, closing costs 3% of price, PMI 0.5% where it applies, no HOA dues. Taxes and insurance vary by address.
An estimate. Conveyance fees per $1,000 come from the Franklin County auditor's calculator and from title-company schedules for Fairfield and Licking. Delaware County doesn't publish one, so this uses Ohio's $4 maximum. Confirm with your title company before closing.
What the number above leaves out
This figure is the loan, not the life. Add the commute, the daycare, the furnace you'll replace in year three. I'd rather you buy at the low end and sleep.
Honest reads on condition
Six of my nine closings were houses built before 1960. I know what the inspection usually finds and roughly what the work costs.
Buying for the first time?
See what your first home really costs, step by step, including the down payment help Ohio offers.
Mitchell Royce, Real Estate Salesperson, Ohio License #2024004980. Key Realty, 6877 N. High St., Suite 302, Worthington, OH 43085.
⌂ Equal Housing Opportunity · mitchroycehomes.com
Mitch Royce Homes is a personal marketing name of Mitchell Royce, a licensed real estate salesperson with Key Realty. It is not a licensed brokerage.
What would your rent buy?
Matches your rent to a full house payment: principal, interest, property tax at 1.6%, insurance at $1,500 a year and mortgage insurance, on a 30-year conventional loan with at least 3% down and 3% closing costs. It isn't what a lender will approve. The calculator below checks that.
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