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Custom Homes 

 Financing

 Also visit : Custom Home Building : Custom Home FAQ's

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

Period (in years)  from 1 to 999
Loan Amount from  to from .01 to 96
Interest Rate from  to from 0 to 999999

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. 

Principal Balance
Annual Interest Rate (%)
Term of Amortization (yrs)
Start Month (01 = Jan)
Start with Year  
Amount of Monthly Principal Prepayment 
Amount of Annual Principal Prepayment

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