102 W Clark Street, Spencer, WI 54479

Home Price

The total value of the property, including the land and any improvements made to the property. This value is the seller's listed price as provided by our MLS and may not be the same as the final sale price.

Down Payment

A down payment of less than 20% of the property's value will typically require mortgage insurance. A higher down payment reduces the loan amount and can result in better loan terms.

Loan Term

The duration over which you will repay the mortgage, typically 15 or 30 years.

Interest Rate

The percentage of the loan charged as interest to the borrower, based on the loan amount. This value is from the Freddie Mac 15 and 30-Year Fixed Rate Mortgage Average in the United States, data series [MORTGAGE15US] and [MORTGAGE30US] retrieved from FRED , of the Federal Reserve Bank of St. Louis. These values are updated weekly.

Property Taxes

Annual taxes paid to the local government based on the assessed value of the property. This value is the most recent annual tax amount paid as provided by our MLS then divided by 12 to estimate the monthly cost.

Home Insurance

Insurance policy that covers potential damages to the property, including the structure and personal belongings. The cost can vary based on the coverage amount and provider.

Mortgage Insurance

Insurance that protects the lender in case of borrower default. This is typically required if the down payment is less than 20% of the property's value. The cost can vary based on the loan terms and provider.

HOA Fees

If the property is in a neighborhood with a Homeowners Association, a monthly HOA fee may be due for maintenance and services such as landscaping, security, and community facilities.

Utilities

Monthly costs for essential services such as electricity, water, gas, and trash collection.