Mortgage
Land transfer tax
First-time buyer
Lease or purchase
True cost
Sell or buy first
Net proceeds
Mortgage penalty
Home valueTrue cost of owning a home.
The mortgage is only part of it. See what a home really costs every month once tax, insurance, utilities and repairs are added.
The home & mortgage
Start with the basics.
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The costs people forget
Durham-area starting points. Replace them with your own.
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The 1% rule of thumb. Older homes: 1.5%–2%
Estimates only. Rates, rules and fees change and your lender, lawyer and tax adviser have the final word — please confirm before you rely on any number. The income figure assumes housing costs of about 32% of gross income.
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