Determining a realistic price range upfront helps your real estate agent identify viable properties and sets you up to successfully manage the mortgage approval process, in addition to preventing the disappointment of falling in love with a home you can’t afford.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based
on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest
This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
Contact us for more information about financing your next real estate purchase.