You can calculate the estimated
monthly principal and interest payment by entering a mortgage
amount, loan term and an Annual Percentage Rate (APR). You can
then enter your Gross Annual Household Income to estimate if
you can afford the prospective payment.
MORTGAGE
CALCULATOR NOTE: This
is not a loan approval. This calculator is designed to give you
a general idea
of what you can afford when you wish to purchase a home.
Mortgage
amount:
(i.e. $250000
- no commas)
Amortization
in months:
(i.e.: 25-year
mortgage=300 months)
Annual
Percentage Rate:
(i.e.: 7.6)
Monthly
Mortgage Payment:
If
you would like to find out your affordability of this prospective
payment please enter your gross annual income and click
Calculate Affordability.