 TITLE: How Much House Can I Afford? CONTENT: Consider the Costs Beyond the Mortgage\n--------------------------------------\nWhen determining how much you can afford to budget each month to cover your mortgage, don't forget that you'll likely incur a number of new expenses beyond the mortgage when you become a homeowner. Be sure your planning allows sufficient funds to cover expenses such as:\n*   Property taxes\n*   Homeowners insurance (including basic casualty coverage as well as applicable riders for earthquakes, wildfires, floods and other natural disasters, which many lenders require on homes in susceptible parts of the country)\n*   Building association dues (where they apply)\n*   Home maintenance, repair or renovation\nDepending on the age and condition of your home when you buy it, you may need to plan for the cost to replace a roof, furnace, HVAC unit or to update appliances or other features of the home. Setting some funds aside for those projects each month can help prevent them from becoming emergencies down the line.\nMortgage Calculator\n-------------------\n†The information provided is for educational purposes only and should not be construed as financial advice. Experian cannot guarantee the accuracy of the results provided. Your lender may charge other fees which have not been factored in this calculation. These results, based on the information provided by you, represent an estimate and you should consult your own financial advisor regarding your particular needs. END