|
Custom Homes
How do I finance my dream home? Obviously this question is of great concern for someone
considering building a new home and is something that should be taken
seriously. The more
homework done up front—the better.
The cost of a new home can vary greatly,
depending on many variables. As
a general rule of thumb, construction costs will be three times the cost
of a your lot or more. For
example, if you have purchased a lot for $200,000 you should expect to
allocate $600,000 for construction costs, bringing the total cost of the
home to $800,000. This is only a rule of thumb and shouldn’t be used blindly. However, for sake of figuring
this works fairly well. Try
it for yourself!
Monthly Payment Table Generator | |
|
Mortgage Calculator with Prepayments | | This
calculator allows you to calculate everything from your monthly
payment, to showing you how to save tens of thousands of dollars over the life of your loan by making a little extra in
payments every month. |
[ Return to Top ]
|