I found a home – what will my payments be?
Have you found a home you’d like to purchase, but wonder what your payments will be? This calculator will help you find out. If you need to adjust your payment, try varying your percent down or the number of years you will finance the loan.
Place your cursor in the fields and fill in the requested information to the best of your knowledge. Use the tab key on your keyboard to move through the form. Once the required fields are completed, the form will automatically populate with the information you have requested.
What is the purchase price of the home you are interested in?
What percentage of the purchase price do you want to put down on the new home purchase?
What is the interest rate of the new home loan?
What is the term of the mortgage? (number of years financed).
This is what your calculated monthly payment would be.
What are the yearly property taxes on the new home?
What does the homeowners insurance cost per year?
This is your total monthly payment with taxes and insurance.
Note: This calculator is provided to give you a general idea. We cannot guarantee the accuracy or the applicability to your situation. Please consult a qualified professional. If you use a 0% interest value, the calculator will automatically use a default value of .001. Please be aware that the values may vary slightly.