How Much House Can You Afford?
This mortgage calculator can be generally used to figure out monthly payments of a home mortgage loan, based on sales price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. It’s not a fancy calculator, as there are many other creative financing programs out there these days. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. There are other programs that allow for lower down payments and no PMI as well. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
If you’re interested in getting a more accurate financial snapshot, fill out the information below and one of our lenders would be happy to circle back with a no-obligation, non-salesy estimate for your use. Tell us a little about who you bank with as they will help us identify who best to recommend.
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