Use our simple mortgage calculator to get an idea of what your mortgage payment may be. Simply enter:
- Purchase Price: The total amount you're paying for the home.
- Down Payment: The amount of money you will be 'putting down', or paying to the seller at the time of purchase.
- Interest Rate: The amount of interest you'll be paying on your mortgage.
- Term: The length of your loan of how long you'll have to pay back the amount you borrowed.
Note: Many factors that go into determining your exact monthly mortgage payment -such as credit rating, PMI (mortage insurance) and escrowed taxes- are not included in this calculator. This calculator provides a rough estimate and should be used only to compare the differences in monthly payments for interest rates and loan terms. For more information on specific loan terms and rates for which you qualify, contact Pamela or a team member today.