How much you can afford for a mortgage depends on many factors. The DiMora Team are real estate experts in the Northville and Novi neighborhoods an we know that you have to know how much money you have to put down on the mortgage, what type of loan you can get and consideration of other expenses you need to cover. You also have to factor in cash for the closing. The amount you will need at closing is typically 2-3% of the total purchase price. Be sure to have money put aside for taxes and insurance and know what it will cost for a given property. Typically your lender will add these amounts into your monthly payment. Check out below to see what sold in Stonewater in December 2017:
48259 Binghampton Drive, Northville: 4 bedrooms, 2.1 bathrooms, 3,642 sq. feet, 2 car garage, Sold Price: $668,000
Stonewater Home Sold
December 2017
48815 Stoneridge Drive, Northville: 5 bedrooms, 4.1 bathrooms, 3,603 sq. feet, 3 car garage, Sold Price: $730,000
Stonewater Home Sold
December 2017
Also, keep in mind that you may need to reserve some money for repairs, remodeling, decorating, moving expenses, or life’s emergency fund. For more information on Stonewater, or similar Northville or Novi neighborhoods such as Maybury Park Estates, Fox Hollow and Tuscany Reserve, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.