One of the first key steps in purchasing a home is to make sure the monthly payments are in order with your finances. You will also want to budget for possible homeowners association dues, home upkeep & maintenance costs as well as your regular living expenses. I’ve included these free calculators for you to experiment with different loan and down payment amounts. You can also estimate how much of a sales price you can comfortably afford.
MONTHLY PAYMENT CALCULATOR
Type in the home price and press enter. Adjust the down payment slider to your down payment percentage. (FHA loans round up to 4%) Most traditional loans are on 30-year terms. An average rate is already entered for you. Leave the taxes/ins. box checked to have the true payment. The advanced features are already estimated for you.
Type in a general estimate of your annual income before taxes, this will automatically pop up your monthly payment. Next type in your down payment amount then you can type in your monthly debts (the total of your “minimum due” credit card and loan payments.) Do not include everyday expenses such as gas, utilities, groceries, etc.
Once you come up with a sales price, please click on the “Quick Home Search” link to find some great property deals.
If you have any questions regarding the calculator features or you would like to get detailed information about a home mortgage loan; I’ll be happy to direct you to one of my local preferred lenders. You can send me an e-mail at Jasmine@SeeVegasHomes.com or call or text me directly at 702.417.0884.
I look forward to helping you out!