How much will my monthly mortgage payment be? Can I afford to buy a home? Use this Home Affordability Calculator to find out what your mortgage payment will be, giving you the option of entering a 10% or 20% down payment. This calculator utilizes your current spending ability in regards to your current rent payment and your ideal loan period. It then calculates a mortgage that you can afford and provides what the down payment would be for various down payment options. Once you have this information, contact the Reichert Mortgage Team to find out more.
Disclaimer: Results received from this calculator are designed for comparative purposes only. Every home loan is different, and many factors influence the final numbers for a home loan. Please contact a mortgage professional like The Reichert Mortgage Team for exact payment figures. We are not responsible for any typographical errors, omissions or mistakes. Not every applicant qualifies nor is every program available for each unique borrower.
As you start the home-buying process, finding out how much home you can buy is the first step. At The Reichert Mortgage Team, we can go over mortgage types, pre-qualification, and even monthly mortgage payments all before you find that dream house of yours. Contact us today to set up an appointment!