If you are in the home buying process, a mortgage calculator can help determine what home prices fit in your budget. It can also help determine which lenders are offering the best rates for your home loan.
Keep in mind, this calculator is useful in getting a basic idea of what a mortgage payment will look like for your price range and interest rate. There are many other costs associated with home buying that may change what final price you end up paying.
Contact us today to discuss how we can help you through the home buying process and what loan best fits your needs.
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How to use the mortgage calculator
- Enter the amount of your loan
- Enter your down payment
- Enter the length of your loan
- Enter your interest rate
- Enter your Monthly home insurance costs
- Enter your monthly property taxes and fees
- The calculator will determine your monthly payment
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