KEY THINGS YOU WILL NEED TO KNOW:
Loan Amount: The total amount you can comfortably afford to spend each month for your home.
Interest Rate: The rate a lender charges as a cost of lending you money. These are consistently fluctuating and will be annual rates.
Amortization Period: The length of time it takes you to pay off a loan. This is also referred to as the term of the loan. The most common loan terms are 30 years, 20 years and 15 years.
This tool will do the math for you, while you navigate different scenarios and determine what to expect each month.
The mortgage calculator will help take the mystery out of your mortgage payment.