Financial calculations could be a tricky task. Our mortgage calculators make it easy!
Below are links to mortgage calculators that you may find helpful. If you need a recommendation for a mortgage company, please give us a call.
CLICK HERE for the How Much Will My Payment Be? Calculator
Your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your homeowners insurance, and your PMI(Private Mortgage Insurance), all of which are included in your monthly house payment. Use our mortgage calculator to determine your expected payment.
Before you start looking for a new home, you need to have an idea of how much you can afford to pay for a home. To find this out, you will need to take a closer look at your total monthly household income as well as the debts and regular monthly payments you are already making. In addition, you will need to consider how much money you can put in down payment, the loan interest rate, and the length of the loan.
CLICK HERE for the How Much Income Do I Need? Calculator
By entering in certain information, such as the cost of the home, how much the interest rate on the loan is likely to be, and how much you will pay as a down payment, you can determine how much income is needed in order to qualify for the mortgage loan.
Deciding whether or not you should refinance your home mortgage depends upon several factors. It also depends upon whether you are looking to simply reduce your monthly payment or if you are hoping to save money in the long run.