One of the most important steps in buying a home is to know how much you can afford. Luckily, our mortgage calculator is an easy tool that can be used to figure out exactly how much you can spend on your next home.
The mortgage calculator can be used to figure out what the monthly mortgage payment will be for a home based on the sale price of the home, your down payment percentage, loan term desired, and the interest rate of the loan. Our calculator also goes a step further by factoring in the Private Mortgage Insurance, or PMI, for loans that have less than a 20 percent down payment. It also takes into the consideration the property taxes in the area, as it will affect the monthly mortgage payment.
Contact The Alan Shafran Group for more information on our mortgage calculator, and any other real estate needs in North San Diego County.