Tampa Home 360Tampa Home 360

Tampa Real Estate Sales and Marketing

  • Menu
  • Home
  • HouseCall
  • PADS4PAWS
  • We Love Small Business!
  • Communities
    • School Search by Great!Schools
    • Explore Greater Tampa Places and Events
    • WE Love LUTZ!
  • Our Homes
    • Hedstrom & Stamm Home Solutions Listings
    • New Listing! 9206 Mountain Magnolia Drive
    • Price Reduced! 2333 Feather Sound Drive #C201
  • Market Trends
    • Market Snapshot
    • Hows The Market?
    • Home Prices and Trends
    • Short Sales
      • Short Sale FAQs
      • Short Sale Glossary of Terms
      • Short Sale Steps
      • Short Sale Tip For Buyers
      • What is a Short Sale ?
      • Facing Foreclosure
  • Buyers
    • Tampa Buyers Guide
    • Home Buying Process Infograph
    • Dream Home Finder
    • What Does it Cost to Buy a House?
    • Our Preferred Lenders
    • Mortgage Information
      • Understanding TRID
      • FHA Loans
      • VA Loans
    • Down Payment Assistance
    • Buyer Information
      • Property Tax Calculations on New Construction Purchases
    • Military Home Buyers
    • First Time home buyers
    • Buying New Construction
    • Buyer Contract to Closing
  • Sellers
    • How To Price Your Home
    • What Is My Home Worth
    • Home Selling Process Infograph
    • Our Home Marketing Program
    • Marketing Your Home
    • Seller Top Tips
    • Easy Home Improvements
    • Preparing Your Home For Sale
    • Seller Contract to Closing
  • Tips
    • Hedstrom & Stamm Testimonials
    • Share Your Testimonial
    • Client Log In
    • Client Sign Up
    • Important Contacts
    • Greater Tampa Area Utility Information
    • Pasco County New Resident Information
    • Home Maintenance Tips
    • Understanding Home Inspections
    • Common Questions
    • CDD FACTS and THOUGHTS
  • Contact Us

What Does it Cost to Buy a House?

Closing Costs & Pre Paid Items

Buying a home is a process and to begin the process, a potential buyer should always seek counsel from a Lender/Loan Officer to determine buying power and mortgage approval criteria. Too often, potential buyers begin shopping online without a pre-approval letter from a Lender. This is a bad choice. Not only does a buyer need to know their buying power, they also need to be aware of any obstacles they may have to securing a mortgage. Why shop for a home, fall in love, only to find out you can’t buy a home right now.

Another important reason to begin the process with a Lender and/or a REALTOR® is in order to understand the true costs of purchasing a home. There are closing costs associated with every home purchase – no matter what type of loan you are using. For those who will have an escrow account attached to their mortgage, there are also costs involved with setting the account up. Many buyers are shocked when they realize the actual costs involved in buying a home.

Determining the Monthly Payment

Credit score is the basis for interest rate. If you have a great credit score, you will acquire a better rate than someone with a lower credit score. The interest rate has the biggest impact on your monthly payment. By starting the home buying process with a Lender, you will know what interest rate you are likely to secure. Furthermore; each and every house you are considering must be analyzed independently. A home might have a larger price tag but actually be less expensive because of HOA and CDD fees, taxes, and the cost of homeowner’s insurance.

Hedstrom & Stamm Home Solutions Net Sheets

Our Team will work closely with your Lender to make sure we have a clear understanding of your position as a home buyer. As we look at properties, our Team is able to prepare estimated expense sheets (net sheets) that give a clear understanding of closing costs, pre paids, and mortgage payment for each individual house.

This is an example of a Hedstrom & Stamm Net Sheet

 

FHA-VA-Conv-Net-Sheet

 

© 2019 · Hedstrom & Stamm Home Solutions
The information available on or through this website is intended to provide general information to the public. All reasonable measures have been taken to ensure the quality and accuracy of the information available on this website. Information on this Internet site should not be regarded as a substitute for professional legal, financial or real estate advice.
Log in