What will my monthly payment be?
Fill in the total loan amount, down payment, interest rate and number of years, then click "Calculate".
Payments are estimated, and should be verified with your lender. Your actual monthly payment will include additional items including but not limited to insurance and taxes.
When Shopping for a New Home the First Step is Finding Out How Much You Can Spend!
You might already have an idea of the monthly payment and mortgage loan you can afford. But it's always a good idea to talk with a local lender to get pre-qualified for a mortgage so you know exactly how much you are qualified to borrow and the price range to focus on.
During the pre-qualification process, you will find out:
- Exactly how much home you can afford from a lender's perspective.
- How much cash you will need for the down payment.
- The minimum down payment, and advantages of higher down payments.
- Your monthly payment amount.
I help buyers pre-qualify for mortgages by referring them to mortgage experts that can quickly answer their questions. If you'd like to take the first step and talk with a mortgage expert, just let me know and I'll provide you with the contact info for a couple of mortgage experts.