Mortgage Calculator Columbus Ohio

Determine how much home you can afford using our simple mortgage calculator.

CASTO Residential Realty works with several lenders throughout Central Ohio with lending programs that will fit your needs.

Mortgage Calculator

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$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

The CASTO Home Buying Process

First things first, let’s get acquainted. We’ll meet to discuss what you want in a home. During our discovery phase, we’ll cover topics such as your ideal location, school districts, your immediate needs, and what you can afford. All these things are very important when purchasing a house, which is why CASTO Residential Realty will walk you through each step of the process.

Obtain a Pre-Approval Letter

Obtain a Pre-Approval Letter

A pre-approval letter from a mortgage lender helps you to understand the type and size of mortgage that you will qualify for and shows the seller that you are a qualified buyer. If you are at the very beginning of your home buying process, we can help you find a lender who you are comfortable with and will work with you one-on-one.

Select & View Properties

Select & View Properties

We will show you properties that match your search criteria and affordability parameters. A CASTO Residential Realty REALTOR® will help you to understand the market and prioritize your wants and needs.
Present & Negotiate Offer to Purchase

Present & Negotiate Offer to Purchase

Once you find the home that you love, CASTO Residential Realty will help you submit an offer outlining the terms that you agree to purchase the property. Be ready for some back and forth negotiations along the way — but don’t worry, we will be with you every step of the way. We are expert negotiators and will act on your behalf to make sure that you get the best deal possible!

Accept the Contract

Accept the Contract

Congratulations — you’re in contract! Now the real work starts! CASTO Residential Realty will lead the transaction to make sure it is as seamless and stress free as possible.

Order Inspections & Request to Remedy

Order Inspections & Request to Remedy

We work with home inspectors who are top notch in their field. CASTO Residential Realty will help you to understand the inspection and negotiate any remedy request prior to closing.
Make a Formal Loan Application & Obtain a Good Faith Estimate

Make a Formal Loan Application & Obtain a Good Faith Estimate

Notify your lender immediately after going into contract. Communication between the lender, title agent and your REALTOR® is established outlining the timeline for certain performance measures, including appraisal, loan commitment, title commitment and closing.

Secure Homeowners Insurance

Secure Homeowners Insurance

Call your insurance agent and get a quote on insuring the property. The first premium payment is often taken at closing.

Final Walk Through & Financials

Final Walk Through & Financials

Take one final walk-through of your new home and review the final settlement statement with your REALTOR® and lender. You’re one step closer to purchasing your dream home!
Closing & Possession

Closing & Possession

Your REALTOR® will coordinate the closing. All loan documents are signed and deed to the property is transferred, keys are exchanged, any earnest money taken at the contract signing is returned and your down payment is paid. Congratulations, you are a new homeowner!

Out of Pocket Expenses: Let's Break Down the Costs

Our of Pocket Expenses

Let’s Break Down the Costs

Earnest Money Deposit

An Earnest Money Deposit is often part of an accepted purchase contract as evidence of good faith. The deposit may be held by CASTO Residential Realty or the title company. Earnest Money is returned at closing, or maybe applied toward the down payment or closing costs. A typical Earnest Money Deposit ranges in size from $1,000 to $5,000 depending on the purchase price of the home.

Home Inspection

A typical home inspection costs between $400 – $500. A radon test is another common test that increases the cost of the inspection by about $100. Less common tests include a mold test and opinion from a structural engineer. These tests may be recommended by the home inspector if they see evidence of something that is outside of their area of expertise.

Appraisal

A lender may require you to cover the cost of the appraisal upfront; otherwise, it will be taken at closing.

Down Payment & Closing Costs

Required at closing and depends on the type of loan that you receive and the purchase price of the home. All closing costs, prepaid interest, homeowner’s insurance premiums and escrow funds required for closing will be outlined on the closing statement created by the title company.

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