What Does This House Actually Cost? | First-Time Homebuyer Seminar

You know the listing price. But do you know what it will actually cost to buy the home?

This first-time homebuyer seminar breaks down the real numbers behind buying a home, from your monthly payment and cash to close to credit, debt, taxes, insurance, and the money you should keep in savings after closing.

You’ll hear from a Realtor, mortgage professionals, and a financial educator who will walk you through what buyers need to understand before making an offer or choosing a price range.

We’ll cover what makes up a mortgage payment, the difference between a down payment and total cash needed to close, how credit and debt affect affordability, and the expenses buyers often forget to plan for.

We’ll also use a realistic buyer example so you can see how the numbers come together in a real-world scenario.

This event is ideal for first-time buyers, renters preparing to purchase, or anyone who wants a clearer understanding of the financial side of homeownership before starting the process.

Wednesday, September 30 | 6:00–8:00 PM
Beachwood Branch Library
25501 Shaker Blvd., Beachwood, OH 44122

Wine and light refreshments will be served.

Come with questions. Leave with a clearer picture of what buying a home could actually cost you and what your next step should be.

Info: Meet Rachel McPherson, Wayne McPherson of LearnMoney.org, and the CREFCO Financial Group team. We’ll introduce the evening’s focus and the sample buyer scenario we’ll use throughout the seminar.

Info: Learn how your income, monthly budget, debt, savings, and lifestyle should shape your homebuying price range. We’ll also discuss the difference between what you may qualify for and what may actually be comfortable to afford.

Info: CREFCO Financial Group will break down principal, interest, taxes, homeowners insurance, mortgage insurance, and HOA fees when applicable, plus how credit, loan type, interest rates, and debt-to-income ratio affect your payment and purchasing power.

Info: We’ll cover the upfront and closing costs buyers should expect, including earnest money, inspections, appraisal, down payment, closing costs, prepaids, and cash to close. We’ll also discuss seller concessions, assistance programs, and how much buyers should consider keeping in savings after closing.

Info: We’ll bring everything together using one realistic buyer example to show how purchase price, monthly payment, cash needed, credit, debt, and savings all connect. Then we’ll open the floor for questions and personalized next steps.

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Beachwood Branch, 25501 Shaker Boulevard, Beachwood, United States

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