Look up the average home sale price for the location you plan to live. Use a thirty year amortization and calculate the monthly payment assuming you have a twenty percent down payment. (Use a mortgage rate of 3.75% and 5%.)

Calculate the monthly payment with a 5% down payment and include PMI. A PMI calculator can be found at Nerd Wallet or many other websites.

Look up the millage or tax rate for the location you plan to live and calculate your property taxes.

Research average insurance rates for your area and estimate your insurance costs. (Show your calculations for your insurance estimate.)

20% down

Payment, insurance and taxes at 3.75%:

Payment. insurance and taxes at 5%:

5% down

Payment, insurance and taxes at 3.75%:

Payment, insurance and taxes at 5%: