February 8, 2018 | Home Buying
The tools you need to become a well-informed homebuyer.
Knowing your purchasing power and costs associated with home buying can help you target your new home search and avoid surprises along the way. Get the resources and information you need with this round up of some of the most useful online home buying calculators.
Estimate monthly payments
Right from your myLennar account, you can input and save mortgage information, which comes in handy while looking at homes on Lennar.com. Once you find a home you love, simply click the estimated monthly payment link to view an estimated total that includes principal and interest, property tax, and homeowner and mortgage insurance.
You only need to input this information one time. After logging into your myLennar account, click the MyAccount
tab, then click the Mortgage Information
tab. Fill out the fields, check the box and click save
. Now you can click the estimated monthly payment
link anytime to see an estimate based on your personal details (just make sure you're logged into myLennar when you're searching new homes).
Eagle Home Mortgage Calculators
Check out Eagle Home Mortgage for a wide variety of homebuying calculators, including closing costs, refinancing, researching how much home you can afford and much more.
Rent vs. buy calculator
Get a side-by-side comparison on the cost of renting versus buying a new home. You may find that buying your dream home can actually save you money!
Down payment calculator
Calculate how much you need for a down payment, based on home price and loan types (hint: it's less than you might think).
Cost of living calculator
Thinking of relocating? Compare the cost of living in another city based on your salary. This can give you an idea of how the price of groceries, utilities, housing and healthcare can differ from city to city.
Household budget calculator
It's worth taking a look at your budget periodically, especially when moving or experiencing a job or family status change. It's also helpful to plan a detailed budget if you're trying to improve your credit or increase your savings.
Once you find your dream home, here's a fun way to count down to closing day. Just put in the date and watch the seconds tick away to your new home! Use this to count down to other celebrations like a wedding, birthday, holidays and more.
These calculators are a great way to research and gather information throughout your home buying journey. For more information on your specific financial situation and needs, speak with your own loan officer or financial advisor.