Posts from February 2025

When purchasing a home, buyers have a tendency to fixate on the purchase price of the property. While it is obviously important to stay within a budget that you can comfortably afford, there is another number that is way more important in my opinion. Say it with me - monthly payment.

Your monthly payment is the amount that you will be paying to the bank every month after you close on your new home. This amount typically includes your loan principal and interest, plus taxes & homeowners insurance. 

So why is the monthly payment the more important factor?

Well for one, interest rates. With everchanging mortgage rates, your monthly payment can differ significantly depending on where rates are currently standing.

For example - a $250K house purchased in 2021 with a 3% interest rate is going to have a VERY different monthly payment than the same exact $250K house purchased in 2025 with a...

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