Using Financial Calculators to Get a General Idea
This page includes several financial calculators you can use to get a general idea of closing costs, monthly payments on a mortgage note, and an understanding of a home’s affordability for you.
If you are in the market for a new home, I encourage you to establish a relationship with a qualified lender and begin working with a loan officer who will best be able to assist you with your unique needs. Each person is different and in many cases a good loan officer can pair you up with a particular loan program (there are many) that would best serve you. The type of loan program you use will greatly impact your closing costs and your credit score (among other factors) will impact your interest rate. This being said, the results you acquire through these, or any online financial calculators, may not be exact to your actual scenario.
If you have any questions regarding mortgages, I invite you to give me a call or send your questions via email and I will gladly address them for you.
This mortgage calculator will determine the principal, interest, taxes, and insurance based on your scenario including the price of a home and the amount of your down payment.
[mortgage interest_rate=”5.5″ title=”Mortgage Calculator” mortgage_term=”30″ width=”500″]
There are several closing costs associated with purchasing a home. This calculator will provide a general idea of your expenses.