When budgeting for the purchase of a home there are
many factors to consider:
monthly payment that consists of Principal +
Interest + Taxes + Hazard Insurance. There may
also be a PMI or MIP and
Homeowners' Association Fee.
Other factors to
Heat, electricity, water and sewer, phone
(land/cell), cable television, Internet.
Fee for trash
collection and recycling
Food/entertainment: Dining in and out,
Day care, tuition, lunch money, supplies,
clothing, sports gear.
Braces, eyeglasses, medicine.
Credit-card payments, car/student loans.
and decoration: Furnishings and appliances,
Transportation (gasoline or transit costs), auto