Understanding the Property Financials Displayed in Padzilly (B1124-029)

Each property in Padzilly displays detailed financial information that helps you understand the full cost of purchasing a home:

Monthly Payment: This includes the estimated mortgage payment, property taxes, insurance, and any mortgage insurance if applicable. You can click on the payment display to see a detailed breakdown of these components.

Cash Needed: This is the total amount you’ll need to buy the home, including the down payment, closing costs, and other potential fees.

Seller Contributions: If the property has an estimated seller contribution, it will be reflected in the financials to help lower your cash needed to close.

While the displayed payment includes any condo or homeowner association (HOA) fees, as they are considered for qualification purposes, they are not listed in the payment breakdown. This is because HOA fees are not part of the mortgage payment paid to the lender; they are paid directly by you to the association.

These financial insights give you a clear picture of whether a property fits within your budget and financial goals.