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Frequently asked questions

Where can I get a cost estimate?

When you start considering whether it’s the right time to buy a house, the first step is understanding what costs are involved. And we know that different people are in different stages of the homebuying process, from “That might be nice one day” to “I’m ready to make this happen.” So here are the ways you can estimate your costs at every step of the journey.

If you’re still just starting to think about buying a house one day, check out our Affordability Calculator. This simple, clickable tool helps you find a ballpark estimate of how much house you can afford. It factors in both mortgage and non-mortgage expenses, such as utilities, maintenance, and home improvement costs.

But if you’re thinking more seriously about buying a home and want to find out what kind of rates you can qualify for, it only takes a few minutes to start the pre-approval process.

You’ll self-report your income and assets, and then we give you personalized rates and a pre-approval letter. It only takes a few minutes and won’t affect your credit score in any way.

Once you’re pre-approved, you can get a Loan Estimate, which gives you the estimated interest rate, monthly payment, total closing costs for the loan, and the estimated costs of taxes and insurance. It’s the best tool for comparing mortgage rates between lenders. With Better Mortgage, you’ll get a Loan Estimate in seconds, but traditional lenders can take up to three days.