There are two main sections on the calculator:
Purchase Information- This is the price of the home, the down payment percentage, and the length of your mortgage.
Payment & Qualifying Information- These areas ask questions about monthly association fees, gross income, and current monthly debt.
Once you have filled out the information on the calculator press the submit button to view the results. There’s no commitment to this calculator, so feel free to play around so you can see how the numbers interact.
Remember, the easiest way to determine your payment is by speaking with a professional, so please reach out to our team or our reputable local lender for help getting started.