When it comes time to purchase a home, this can be one of the biggest investments you can make. If you are interested in buying a new home, or maybe you are buying a home for the first time, it is important to look at how much a new property will cost you once you factor in the various taxes and monthly expenses. We’re offering our FREE mortgage calculator tool, you can use this to calculate your mortgage payments to understand what your total monthly expenses will be. We’ve made it simple to help you compare your different options with our four scenario fields to customize different variables and find a mortgage rate that fits within the budget you set.
Lower Your Mortgage Payments
If you are interested in finding the lowest possible mortgage rates, there are a few different options to consider.
Reduce the purchase price
Increase your down payment
Extend the amortization period
However, if your down payment is less than 20%, the maximum amortization period is 25 years. We encourage you to try out the mortgage calculator and enter different variables to calculate mortgage payments under various circumstances.