*Note - I have been compensated for this post but the opinions expressed are my own.*
When you are looking to purchase a home, you will want to make sure that you have your finances planned out. This is not easy when you are not sure what your mortgage payments will be. With a calculator that figures your mortgage payments for you, you can have an easier time figuring out what you can afford in the way of a home.
With this calculator, you enter your loan amount, the interest rate you qualify for, and the length of the loan. You are then given not only what your monthly payment will be, but also what the property taxes will be based on the amount you give for annual property taxes. You can even find out what the monthly insurance will be, so you can plan out the entire month's payment.
There is no guessing on what you will have to set aside for the purchase. This calculator will not figure the down payment, and it does base the monthly payment on the full price of the home. You can subtract the amount of the down payment, or you can use one of the other calculators to discover how much you will need to put down to get the monthly payments to a level you can afford. Either way, this calculator will take the guesswork out of calculating your mortgage.
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