How Much House Can You Afford?
This mortgage calculator tool can be used to help determine what your mortgage payments will be on a potential property. This is done using the sale price of the property, length of the mortgage, percentage of down payment, and interest rate. Keep in mind, this mortgage calculator factors in Private Mortgage Insurance (PMI) for any mortgage where less than 20% of the property’s selling price is put as a down payment. It also takes town property taxes under consideration. After inputting the required data, you will instantly receive information on your potential mortgage payments and how it was calculated, as well as an amortization chart for each year of your potential mortgage. Please understand that this calculator will in no way guarantee you a mortgage; rather, it is simply a tool to help determine what your mortgage payments may be.
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