Loan Assumptions

Mortgage Rate Calculator

We have designed three mortgage calculators for you that can estimate your fixed rate mortgage:

Mortgage amount calculator
Calculates amount of fixed rate mortgage you can afford based on your income.

Payments calculator
Calculates monthly payments based on mortgage interest rate and loan period.

Interest-only calculator
Calculates monthly payments for interest-only loan based on mortgage interest rate and loan amount.

Please click on a link above or scroll down to use these convenient calculators brought to you by our mortgage company!

Mortgage amount calculator

Please fill in your gross monthly income, down payment, interest rate, and term of loan. Click the Calculate Loan Amount button to calculate the amount you are able to borrow:

Your Gross Monthly Income:	dollars
Your Down Payment:	dollars
Your Interest Rate:	percent
Loan Term:	years

Based on the figures above, you will be able to buy a house valued up to dollars. We used a front-end ratio of 24% since we did not include escrow and closing costs.

Payments calculator

Please fill in the loan amount, interest rate, and term of loan. You can also fill in the annual property tax, property insurance and monthly association dues. Click the Calculate Monthly Payments button to calculate your estimated monthly payments:

Loan Amount:	dollars
Your Interest Rate:	percent
Loan Term:	years
Annual Property Tax:	dollars
Annual Property Insurance:	dollars
Monthly Association Dues:	dollars

Based on the figures above, your monthly payments will be:
Your Mortgage Payment:	dollars
Your Escrow Payment:	dollars
Your Housing Payment:	dollars
Your Total Monthly Housing Expenses:	dollars

Interest-only calculator

Please fill in your loan balance and interest rate. Click the Calculate Payment button to calculate the amount of your interest-only payment:

Loan Balance:	dollars
Your Interest Rate:	percent

Based on the figures above, your interest-only payment will be dollars.

If you are ready please click here to apply for a fixed rate mortgage or adjustable rate mortgage.