When you’re ready to begin searching for a home to purchase, it’s important to determine the maximum monthly mortgage payment that fits within your budget. Using an online mortgage calculator, such as the one now available on JasonTaubRealtor.com, can help with this.
By inputting just a few items such as price, downpayment, interest rate and mortgage term (often 30 years), you’ll get an estimated mortgage payment amount. An amortization schedule is also available.
Keep in mind this calculator is used for estimates only and does not include one-time closing costs and recurring expenses such as taxes, insurance and HOA – All of which vary considerably based on the desired home.
Check out Jason’s brand new Mortgage Calculator here!