How much mortgage payment can you afford? Use this mortgage calculator:
Buying a home will likely be one of the biggest investments that you will ever make. The factors that will impact the amount of your mortgage payment will include the current interest rates, your down payment, the property taxes, mortgage insurance, HOA dues, loan term and more. Input the information about your loan below for an estimate on the amount that you will pay for your mortgage each month.
Mortgage payoff end date:
22 Oct, 2047
Latest Mortgage Rates
|Type||curr. week||last week|
|15 year fixed:||3.45 %||3.51 %|
|30 year fixed:||4.39 %||4.46 %|
|30 year jumbo:||4.57 %||4.62 %|
|7/1 ARM:||2.94 %||2.98 %|
|5/1 ARM:||3.55 %||3.70 %|
Mortgage Payment Calculator Help
The amount that you pay for your monthly mortgage payment depends on factors such as the status of your credit, location of the property, amount of down payment that you make and other factors. Some things that will be considered in regards to the amount of your mortgage payments will include property taxes, mortgage insurance (PMI), and homeowners insurance If your property is located in a flood zone or on the beach or if you have had property insurance claims in the past then your property insurance rates may be higher.
The estimates provided for your mortgage payment may be high or low depending on your situation. Contact us today for more information about how much home that you can afford.