Marco Santarelli

JUNE 2, 2025

For instance, on a $300,000 loan, a 0.02% decrease in the interest rate on a 30-year fixed mortgage can translate to a savings of roughly $10-$15 per month in the principal and interest payment. Their current monthly principal and interest payment is approximately $1,267. Treasury bonds, particularly the 10-year Treasury note.

Mortgages

The Mortgage Report

JULY 1, 2025

of mortgaged home sales in April, up from 14.2% of mortgaged home sales, their highest April level marked since 2020. Buyers are stretched thin, so they’re toward cheaper homes or loans that let them put less down upfront – like FHA and VA mortgages ,” says Steven Glick , director of mortgage sales for HomeAbroad.

Loans

Redfin

JUNE 10, 2025

Limited comparable sales (comps): Appraisers rely on recent sales of similar homes in the area. Their work includes a thorough examination of the property, detailed analysis of comparable sales , and consideration of property condition and features.

Purchase and sale agreement

Marco Santarelli

APRIL 27, 2025

Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. Plus, you avoid appraisal fees, loan origination fees, and other costs tied to getting a mortgage. Year-over-year, sales were down 2.4%

Finance

Marco Santarelli

FEBRUARY 26, 2025

It really depends on your original rate, how long you plan to stay in your home, and if the closing costs of refinancing make sense for your situation. That's just principal and interest; it doesnt include property taxes, homeowners insurance, or potentially private mortgage insurance (PMI) if you don't have a 20% down payment.

Mortgages

Marco Santarelli

MAY 22, 2025

This difference often arises from closing costs associated with refinancing, which can vary significantly among lenders. for principal and interest. Impact Over the Loan Term: Over 30 years, a borrower paying 6.93% will pay roughly $719,000 in total payments (principal + interest).

Mortgages

Norada Real Estate

JUNE 26, 2025

This estimate includes principal and interest but does not encompass additional costs like property taxes and homeowners insurance, which can significantly affect the total monthly obligation. Yun forecasts a 6% increase in existing home sales for 2025, rebutting the concerns of stagnation during economic downturns.

Mortgages

Norada Real Estate

MAY 22, 2025

This difference often arises from closing costs associated with refinancing, which can vary significantly among lenders. for principal and interest. Impact Over the Loan Term: Over 30 years, a borrower paying 6.93% will pay roughly $719,000 in total payments (principal + interest).

Mortgages

Marco Santarelli

APRIL 5, 2025

There are several factors contributing to these elevated housing costs, and they're not directly tied to tariffs in the same way mortgage rates are: Low Inventory: For years, in many desirable areas, the supply of homes for sale has been lower than the demand. This fundamental imbalance naturally pushes prices upward.

Mortgages

The Close

JULY 1, 2025

Housing payments will include the mortgage loan’s principal and interest portion, property taxes, homeowner’s insurance, and homeowner’s association (HOA) dues if applicable. Additionally, you’ll have an upfront mortgage insurance premium that must be paid, although this cost can be rolled into your loan amount.

FHA loan

Marco Santarelli

JULY 25, 2025

For example, here’s a basic calculation for a $400,000 home loan with a 20% down payment ($80,000 down): At a 6.89% interest rate (30-year fixed), monthly principal and interest payments come to approximately $2,373. Home sales projected around 4 million for 2025, slightly below 2024.

Mortgages

Redfin

FEBRUARY 19, 2025

The maximum mortgage principal eligible for deductible interest is $750,000, or $375,000 if youre married and filing separately. The three types of taxes you can deduct are property tax, income tax, and sales tax. If you did not make a profit on the sale of your home, you cannot deduct anything. Specific limits may apply.

Equity

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

VA loan

Housing Wire

AUGUST 4, 2022

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. There are, however, a number of additional caveats for a mortgage loan with a lender-funded grant to be eligible for sale to Fannie Mae. The loan must be secured by a principal residence.

Loans

Housing Wire

MAY 4, 2023

of their loan amount to put toward closing costs, helping defray upfront costs, the company said in April. With SELL+, sellers listing their home for sale with a Rocket Homes Verified Partner Agent will receive a rebate check for 1% of the sale price from Rocket Homes after closing. Rocket reported $8.1

Principal

HomeLight

AUGUST 13, 2024

Understanding the financial aspects of closing costs is an important factor when selling your home in Illinois. Closing costs are various fees that sellers need to cover to finalize the sale of their property. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs

HomeLight

AUGUST 12, 2024

When selling a home in Colorado, understanding closing costs is important. Closing costs refer to the various fees and expenses that sellers typically incur to finalize the sale of their property. These costs include things like loan payoff amounts, real estate agent commissions, and more.

Closing costs

HomeLight

AUGUST 13, 2024

When selling your home in Indiana, it’s important to understand the various expenses involved, including closing costs. These fees cover essential services and procedures required to finalize your property sale, such as loan payoffs, property taxes, and agent commissions. What are closing costs?

Closing costs

HomeLight

AUGUST 13, 2024

It is important to understand the full scope of closing costs when selling your home in Arkansas. These costs consist of various fees and expenses that sellers are responsible for at the final stage of a property sale. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs

HomeLight

AUGUST 12, 2024

Knowing the full scope of closing costs is essential when selling your Nevada. Closing costs are the fees and expenses associated with finalizing a real estate transaction, which sellers are responsible for paying at the sale’s conclusion. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs

HomeLight

AUGUST 12, 2024

If you’re selling your home in Utah, you’re likely curious about the costs involved in closing the deal. Closing costs are the various fees and expenses associated with the finalization of a real estate transaction. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs

HomeLight

AUGUST 27, 2024

When you sell your home in Nebraska, it’s important to know what closing costs might affect your final payout. Closing costs are the various fees, taxes, and other expenses associated with completing a real estate transaction. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs

HomeLight

AUGUST 7, 2024

If you’re selling your home in New Hampshire, understanding closing costs is essential. Closing costs refer to the fees and expenses of finalizing a property sale. These costs include anything from loan payoff amounts and property taxes to real estate agent commissions and HOA fees.

Closing costs

HomeLight

AUGUST 21, 2024

As a seller, you’re likely curious about the closing costs. Closing costs are the various fees and expenses that sellers pay during the final stages of a property sale. What are closing costs? This is the remaining balance that must be settled before the sale can be completed.

Closing costs

HomeLight

AUGUST 21, 2024

Understanding closing costs is key to a smooth transaction. Closing costs represent a variety of fees and expenses you’ll need to pay when finalizing your home sale. In this quick guide, we’ll explore how closing costs work in Chicago and outline the expenses you can expect when selling your home in the city.

Closing costs

HomeLight

AUGUST 19, 2024

Selling a home in Pennsylvania comes with its share of expenses, including closing costs. Closing costs are various fees and expenses that arise during the final stages of a real estate transaction. These costs typically include taxes, agent commissions, and administrative fees. What are closing costs?

Closing costs

HomeLight

AUGUST 21, 2024

Curious about closing costs in Oklahoma? When you sell your home , there are expenses—known as closing costs—that come into play before the sale is completed. These costs typically cover things like loan payoffs, property taxes, and other essential fees. What are closing costs?

Closing costs

HomeLight

AUGUST 21, 2024

When finalizing your sale, there are a few financial details to keep in mind—especially closing costs. Closing costs encompass the various fees and expenses sellers are responsible for when transferring property ownership. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs

HomeLight

AUGUST 22, 2024

As you prepare for closing, you’ll encounter closing costs—fees tied to finalizing the sale. In this quick guide, we’ll discuss the specific closing costs Minnesota sellers can expect when selling their property. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs

HomeLight

AUGUST 19, 2024

When selling your home in Iowa, it’s important to understand the costs involved in closing the deal. Closing costs are the various fees and expenses that sellers are responsible for after a real estate transaction. What are closing costs?

Closing costs

HomeLight

AUGUST 8, 2024

Knowing what to expect when it comes to closing costs can help you manage the process smoothly. Closing costs encompass various fees that sellers incur when finalizing the sale of a property. These costs can include loan payoff amounts, property taxes, and other miscellaneous fees. What are closing costs?

Closing costs

Housing Wire

SEPTEMBER 16, 2022

Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest. billion during that same period and the gain-on-sale margin also fell to 2.92% from 3.01%. in the first year of their loan, Rocket said. Loan origination volume dropped to $34.5

Mortgages

HomeLight

AUGUST 7, 2024

Are you selling your home in Missouri and curious about the associated closing costs? Knowing the full scope of these costs is important for sellers to ensure a smooth transaction and avoid unexpected expenses. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs

HomeLight

AUGUST 21, 2024

An important expense to prepare for is closing costs—those final expenses that arise when transferring ownership of your property. This guide will break down how these costs work in West Virginia and what specific charges you might encounter as a seller. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance

HomeLight

AUGUST 22, 2024

If you’re selling your home in South Carolina, you’ll need to account for closing costs. These costs consist of fees needed to finalize the sale, often shared between the buyer and seller. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs

HomeLight

JULY 11, 2024

Disclaimer: This article provides estimates of a seller’s closing costs that are meant for educational and research purposes only; our calculations are not a guarantee. Before planning your next steps, you’ll want to factor in your closing costs to determine how much money you’ll actually pocket when the sale is completed.

Closing costs