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Moving To A New Town Means Adjusting To A New Cost Of Living

March 13, 2007 by Scott Kinne

For the budget-aware, buying a new home involves calculating how new PITI payments will impact the household budget.

For in-town moves, the math is fairly simple — consider your existing budget and replace your old housing cost with your new housing cost.

For non-local moves, however, the budgeting grows more complicated because each city has a distinct Cost of Living.

Bankrate.com makes an interesting calculator available that — while not perfect — does a fairly good job of helping a home buyer plan for a new life in a new town, complete with estimated heating bills and grocery tabs.

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Scott Kinne

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Vice President, Senior Loan Officer
NMLS ID #182351
Office: 703.293.6146
Mobile: 571.237.6241
Fax: 571.317.2478
skinne@fhmtg.com

Licensed In Maryland, Virginia, Washington D.C., West Virginia
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