Know Your Mortgage Payment

Buying a home is a big step! Whether you're buying your first home, your dream home, or your tenth investment property, it will be a big investment. Finding the perfect property is just one way we can help you with your real estate purchase.

Based on the home's sale price, the term of the loan, the 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 the effect on the total monthly mortgage payment.

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.