Running the Numbers on deals/PITI

[Kathy Tran]

Hi everyone! I am a brand new investor. I am looking to house hack in the Philly area. I have been running my own numbers (using the Redfin PITI) and have found that deals have been scarce. I just got a lender and pre approved, and have found a potential house. Do you think I should be using the lender to run # for me AKA obtain the PITI since it'll be more accurate?

Thanks! 

[Eric Greenberg]

Should be fairly straightforward 

You know the cost you'll pay for the property 

The rate and term (ex 7% for a 30yr fixed)

Property taxes - this can be looked up via https://atlas.phila.gov/(If you are house hacking you van take advantage of the $80k homestead reduction)

Insurance - this may be a bit tricky unless you reached out to a broker already 

Is there an HOA?

Is there mortgage insurance?