What Budget are You working with?
Too many times we see folks who think they are limited to a certain price however they haven't quite done the math and soon find that they could in fact buy more than they thought or possibly be shopping in the wrong price range only to be dissapointed. Use the calculator below to get a general idea of what your purchase power is. Better yet, reach out to one of our approved lenders to get pre-qualified because doing so will give you clarity and confidence in your shopping experience.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
Contact us for an introduction to one of our approved lenders. This is wise.