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Buy a HouseInstructions Your book defines PITI as: Principal, Interest, Taxes, Insurance Calculate the PITI of your future home! Step 1- Visit a website

March 27, 2024

Buy a HouseInstructions

Your book defines PITI as: Principal, Interest, Taxes, Insurance

Calculate the PITI of your future home!

Step 1- Visit a website like

Step 2- Select a house you would like to buy within 10 years.

You can select anywhere in the U.S

Step 3- On the listing, search for the yearly taxes. Divide by 12 to calculate the monthly taxes

Step 4- Estimate your home owner’s insurance using an online calculator like this one

Calculate the monthly cost of home owner’s insurance

Step 5- Use a Mortgage Calculator to estimate your monthly payment. Here is one you might to try

Assume 20% down a 30 year fixed mortgage term and a credit score of 720.

Note: if it’s a condo or co-op, add in the HOA Home Owner’s Association Fees also known as common charges

Your assignment:

Upload your findings on a Word Document including the link to your dream home

Be prepared to share with the class

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