Buyer Tools
Buyer Guide
Understanding APR - The total cost of your loan, including interest and certain fees, expressed as a yearly rate.
Down payments - The upfront amount you pay toward the home purchase, typically a percentage of the price.
Inspection costs - Fees for a professional evaluation of the property’s condition before purchase.
Appraisal fees - The cost of determining the home’s market value, usually required by lenders.
Escrow basics - A process where a third party holds funds and documents until all conditions of the sale are met.
Loan Insights
Fixed-rate - A loan with an interest rate that stays the same for the entire term.
Rate lock - An agreement that secures your interest rate for a set period while your loan is processed
PMI - Insurance required on some loans when the down payment is below a certain percentage.
FHA vs Conventional - Two common loan types with different requirements for credit, down payment, and insurance.
Refinance - Replacing your current loan with a new one to change your rate, term, or monthly payment.
Local Tax
Transfer tax rates - Taxes charged by state or local governments when a property changes ownership.
Title insurance - Protection against issues with the property’s ownership or legal claims.
Recording fees - Fees paid to officially record property documents with the local government.
Property tax prepay - Advance payment of property taxes collected at closing.
Attorney fees - Costs for legal services related to reviewing and completing the transaction.
What Home Buyers Are Saying
See how our tools are helping home buyers plan their closing costs with confidence.
Professional and easy to use. I finally understood where my money was going during the escrow period. These resources are invaluable for navigating the fintech space.
Marcus Reed
The calculator was spot on! It made planning my cash-to-close so much easier. I finally felt in control of my home buying process. Highly recommend this for any buyer.
Sarah Jensen