Did you recently obtain mortgage pre-approval or are you mapping out your future? Our easy-to-use calculators can help you visualize what a potential monthly payment would be. While there are many factors that determine your payment – mortgage type, down payment, terms – you can use this resource to get a rough estimate. We have a simple mortgage calculator based on the loan amount, APR, and terms, while our advanced calculator can be used to determine an amortization schedule, private mortgage insurance, interest rates, and more.
Our advanced mortgage calculator calculates your Total Monthly Payment while breaking out your payment into the following categories; Principal and Intrest, Taxes, Insurance, PMI, and the total loan amount including any closing costs. After filling in your information and calculating your payment notice the amortization schedule button at the bottom of the calculator. This will give you a full amortization schedule detailing your principal payment interest paid each month, balance at the end of each month and year, number of payments needed to pay off the total loan, and 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.
We are proud to be your partner in the mortgage industry. If you are interested in applying for a home loan, need free credit counseling, or are interested in exploring the types of mortgages that you qualify for, give us a call. Our team of mortgage brokers are skilled and dedicated to providing you with the best possible mortgage solutions. As a veteran-owned and operated mortgage company, we provided VA home loan advice and assistance unlike any other broker on the front range. We are located in Falcon, CO, and service all of the Colorado Springs area. Schedule a home loan appointment today!