Budget Before You Buy
Are you new to the home-buying process? Or, are you trying to get a sense of what you might be able to purchase for your next Northern Michigan real estate? This mortgage calculator will help give you an estimate of costs associated with a financed purchase. The best way to be certain of your costs is to speak with a qualified lender, which I can help you with. Until then, I hope you will find this tool useful in evaluating your Northern Michigan real estate purchase options.Remember, this calculator tool is for estimate purposes only. Information on taxes, insurance, and other costs associated with a real estate purchase should be confirmed prior to any Northern Michigan real estate purchase.
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 me for more information about financing your next real estate purchase.