Focus on three things: a monthly cost that feels comfortable, the cash you can use, and the type of home you want.
Your simple plan
Decide what monthly housing cost feels comfortable with your other bills.
Include the down payment, closing costs, and money you want to keep after closing.
Bring what you know about your income, savings, debts, the home, and your timing.
You do not need to choose a loan program before asking for help.
See home-buying programsKnow your choices
Popular with first-time buyers for its low 3.5% down payment and flexible credit requirements.
Exclusive to eligible veterans and service members, offering zero down payment and no mortgage insurance.
Great for buyers with strong credit, allowing down payments as low as 3% for first-time buyers.
Grants and secondary loans designed to help cover your upfront down payment and closing costs.
Buying a car or furniture on credit before closing can derail your loan approval.
House hunting without a pre-approval means you don't know your true budget.
A thorough inspection protects you from buying a house with hidden issues.
Closing costs are usually 2-5% of the price and are due upfront in cash.
Try your numbers
Enter a home price, down payment, rate, and loan term. Watch the results update instantly.
Modify if you know the exact numbers.
Estimated monthly housing cost
$3,052Planning estimate only. It assumes a fixed-rate loan with level payments and uses only the costs you entered. It does not include utilities, maintenance, closing costs, or program eligibility.
Talk through this estimateCommon questions
Open a question for a short answer. If your situation is different, ask Ardi.
No. It is a planning estimate based only on the numbers you enter. It does not determine approval, eligibility, rates, or final loan terms.
Plan for closing costs and decide how much cash you want to keep after closing. The exact amounts depend on the property, transaction, and loan option.
Closing costs typically range from 2-5% of the home's purchase price. They usually include loan origination fees, appraisal, title insurance, escrow, and prepaid property taxes or homeowners insurance.
Bring what you know about your income, assets, debts, credit, the type of home, whether you will live there, and your timing. The exact document list depends on the loan option.
Depending on your situation, options may include conventional, HomeReady, Home Possible, FHA, VA, USDA, and approved affordable-housing programs. Eligibility depends on the borrower, property, transaction, state, and current program rules.
It can. A condo, single-family home, or two- to four-unit property may raise different questions about occupancy, property condition, associations, and the loan program.
Your next step
Bring the numbers you know and the questions you have. Ardi can help you decide what to review next.
