Value Bomb: Monthly Costs
Value bomb about how you can quickly calculate your all in monthly costs on a property before you even start shopping. What you’ll want to do is go online, look for PITI calculator, it stands for principle interest tax and insurance. Fill in the information and it will give your all in monthly costs for the property and it doesn’t typically include things like HOA or mello-roos.
So just know that if you’re shopping for a property that has a HOA or mello-roos tax you’ll want to add that into the number yourself. But, it’s a good way to get a gut check for what you are comfortable with and start out on the right foot.