All-in cost first, always. Estimate only — not a loan quote or pre-approval.
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State of New York Mortgage Agency's primary below-market-rate 30-year fixed first mortgage for 1-4 family homes, condos, co-ops, and manufactured homes, generally available to first-time homebuyers statewide (first-time requirement waived in SONYMA-designated target areas); subject to income and purchase-price limits that vary by county/region.
0%-interest second loan for down payment, closing costs, and/or mortgage insurance, up to 3% of the purchase price (min $1,000, generally up to $15,000), forgiven over 10 years of occupancy; must be paired with a SONYMA first mortgage and raises the first mortgage's interest rate by 0.40%.
Estimated all-in monthly payment for a home price you have in mind.
Check which down payment assistance programs you likely qualify for.
What actually reaches your account after federal tax, FICA, and your state's own brackets — with local income tax disclosed rather than guessed at.
New York taxes the sale and the loan separately. At the $480,000 statewide median, that's $1,920 in transfer tax plus $1,920 more in mortgage recording tax.
Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.
The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.
A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.