Two Calculations You Need to Know When Saving for a Home

/ Jennifer Larson
This will give you a good estimate what your payment would be when planning your down payment.
Utilization is how much you USE your credit card, not just the outstanding balance.

You need to know the basics of how credit and your mortgage payment are calculated while you’re planning to buy a house. Remember for your down payment you also need to account for other fees and closing costs so double your down payment needed and that’s the minimum you need to close.