For Buyers

For Buyers

• 6 Steps to Home Ownership
  
  • Step 1: Find a Realtor®
  • Step 2: Get Prequalified
  • Step 3: The Home Search
  • Step 4: Making an Offer
  • Step 5: Contract to Close
  • Step 6: Closing and Moving
  • Home Inspections
  • Home Affordability
  • Buying Timeline

Home Affordability Calculator

Required Fields are in red:

Sales Price

$ .00

Annual Interest Rate

%

Down Payment

$

Number of Years

Calculate

Loan Amount

Number of Payments

Monthly Principal and Interest Payment

$

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Complete the following to estimate the additional components of your monthly payment:

Estimated Annual Property Taxes

Estimated Annual Homeowner's Insurance

Estimated Annual Homeowner's Association Fees

Calculate

Estimated Monthly Payment

$

Estimated Mortgage Insurance

$

If your down payment is less than 20% of the sales price, you may have monthly mortgage insurance which is estimated here.

Your monthly payment will typically be comprised of

• principal and interest
• taxes
• home owners insurance
• possibly mortgage insurance.

Note: This is for demonstration only. We highly recommend that you to speak to a financing professional for specific details.