First Time Buyer Toolkit

A collection of simple, easy-to-use tools to help you understand the home buying process. Figure out your budget, check if you're ready, and prepare to buy your first home with confidence.

What is Included in the Toolkit

Simple tools and calculators to help you plan your home purchase.

Payment Estimator

Estimate your total monthly mortgage payment, including taxes and insurance.

Cash Needed

See a breakdown of the upfront cash you'll need for a down payment and closing costs.

Affordability Check

Find out your maximum buying power based on your current income and debts.

Cost of Waiting

Find out how much money you could lose by waiting to buy a home.

House Hack Offset

See how renting out a room or another unit can help cover your monthly mortgage payment.

Frequently Asked Questions

Important context regarding the use of these educational tools.

Estimates are for educational purposes and based on general market data. Your specific situation will require customized numbers from a licensed professional.

No. Using these educational tools and calculators does not require a credit check and will not impact your credit score.

Our resources cover general principles common to conventional, FHA, and VA loans. Please consult a lender for specific loan eligibility.

Pre-approval is not required to use this toolkit. This information is designed to help you prepare for the pre-approval process.

Yes, under certain circumstances, FHA and VA loans allow borrowers to purchase properties with up to four units provided the borrower occupies one of the units as their primary residence. Speak with a specialized lender for explicit guidelines and requirements.

Brokerage Disclosure: eXp Realty is a licensed real estate broker. Information provided is subject to change.

Equal Housing Opportunity. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Disclaimer: Information is for educational purposes only and is not financial, legal, or tax advice. Estimates are not guaranteed. Consult a licensed mortgage professional for exact numbers.

If you encounter any technical errors with these tools, please report an issue.