Weighing the Costs and Benefits


Home ownership brings a lot of added responsibilities. But it also has its advantages.



  • Monthly mortgage payment
  • Your down payment – as low as 3% of the sale price
  • Closing costs –typically 3% to 5% of the loan
  • Taxes & insurance
  • Utilities
  • Repairs & maintenance
  • Homeowner association dues or assessments


While these costs will vary from home to home, you’ll want to know what they are before making a final purchase offer.



  • Your home may appreciate in value over time
  • You can increase your net worth by building equity through monthly principal reduction payments
  • Your home is your own – you can do what you like with it to reflect your lifestyle
  • You may save money at tax time by deducting mortgage interest and property taxes*
  • A home offers stability, especially as your children grow up. It’s a place where you can live the life you want, and where you can create the memories of a lifetime.

* Consult yout tax advisor