Mortgage Loan Calculator
1. Choose loan type by clicking on the appropriate tab
2. Complete all fields
3. Click “Calculate”
For help, see the section on the right. Otherwise, you can proceed to our easy mortgage application.
Purchase Price. The total sales price of your new home in whole dollars. This amount, less any down payment, will be the amount you borrow from your bank.
Down Payment. Enter the percentage of the Purchase price that you plan to pay upfront. If, for example, you plan to make a $25,000 down payment on a $250,000 home, enter 10 here.
Interest Rate. Enter the actual interest percentage your bank will apply to the amount you borrow.
Loan term. Determine the number of years over which you’d like to pay your mortgage and enter it here. Common values are 10, 15, and 30.
Property Taxes. Enter the yearly tax you’ll pay on the value of your property.
Home Owner Insurance. Determine the yearly amount to insure your property and enter it here.
HOA/Condo Dues. Determine the yearly amount of any association fees and enter it here.
Credit Score. Enter your Credit Score here.
First Time Homebuyer. Select YES or NO.
VA Disability (if applicable). Select YES or NO.