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Buying a Home

Thank you for allowing me to present my real estate services for buyers. The information on this page is designed to help you get started in your quest for a new home. 

You will find the materials here useful in answering some of your questions.

  • How can a buyer's agent help me find the right home?
  • Who will be on my side through the offer and contract negotiations?
  • How can I find professional management of the contract to closing process?
  • What are the advantages of using a buyer's agent to purchase a brand new home?
  • How much can I afford to pay and what will be my monthly payment?
  • Where can I find information about area towns, schools, taxes, community amenities, and detailed information about an individual property?

Use the information in this section to make your homebuying experience an exciting and well-informed adventure.  Here you will find information about my services as a buyer's agent, whether you are buying a brand new home or a resale home.  Use the calculators at the bottom of this page to estimate what price range you can afford and the payment that feels comfortable to you.

Finally, use the form on this page to request information about area homes that meet your needs and wishes. Do not hesitate to contact me at 704-814-6242 for more information.                                                              

Mortgage Calculator

Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
  Receive this Detailed Analysis

Your Monthly Payments
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %
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Carol Fox Real Estate Broker
101 E Matthews St #100
Matthews, NC 28105

Cell:  704-905-3935

Office: 704.814.6242
Fax: 800.818.7115

 Contact Carol Online

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