Know Your Payment
Based on the home's sale price, the term of the loan, buyer's down payment percentage, and the loan's interest rate, this calculator can help estimate what you'll need to pay out monthly for your new home. This calculator factors in PMI (Private Mortgage Insurance) for loans with less than a 20% down payment, as well as town property taxes and its effect on the total monthly mortgage payment.
Buying a home is a big step! Whether you're buying your first home, your dream home, or your tenth investment property, yours will be a big investment. I know how important this is to you and I have an army of experts to make sure I find the perfect property for your unique circumstances. Finding the perfect property is just one way I can help you with your real estate purchase.
In order to determine the amount of home you can afford a lender will use your debt-to-income ratio to determine the percentage of your pre-tax income you spend on debt. Your debt ratio will include: monthly housing costs, car payments, credit cards, student loans, and any other installment debt. If you take on more debt before buying a home it will have an impact on the amount of the loan that the lender will finance.
I LOVE THAT HOME!! WHAT ARE MY FINANCING OPTIONS?
Found Your dream home? Connect with Adam to make it happen!
I'v partnered with Adam Morris and HomeVantage Mortgage because only the best will work for my clients. The best customer service, the best at communication, the best at listening to your specific situation and the best at finding the right financial solution for you and your family. Contact Adam today for a free payment estimate and to find out about special programs that may work for you.