How Much House Can You Afford?
Already qualified for a mortgage? Use our handy calculator below to work out how much a specific home will cost you to own. If you haven't yet received a pre-approval for a mortgage we highly recommend Cornerstone Home Lending. Unlike a bank, they have a variety of loan products available to them, and are extremely efficient and competitive. Visit them now to find out just how much home you can afford. Choosing the right lender is one of the most important steps you will take when preparing to purchase a home!
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 rate. 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.