The calculations derived from the mortgage calculator or otherwise advertised are for illustrative purposes only, contain samples and estimates, and do not necessarily reflect all potential HOA fees, real estate taxes, homeowner’s insurance, hazard insurance, mortgage insurance or special assessments. Actual loan interest rates and payments are based on multiple factors including market conditions, points, loan amount, loan-to-value, borrower’s credit, property type and occupancy. This is not an offer to lend. Kindred Realty is not a lender and there are no assurances that a purchaser will qualify for any loan or financing. Forecasts, projections, and other predictive statements should never be relied upon. You should consult your own accounting, legal and tax advisors to evaluate the risks, consequences, and suitability of any real estate transaction. Kindred Realty makes no guarantees as to market conditions. Real estate market conditions involve risks, variables and uncertainties that may cause the real estate values to differ materially from geographic area, timeframes, and product types.
Home Price
Enter the price of the home you want to buy. This can be the price the owners are asking for or the price you think you will offer.
Term
Enter the length of your loan program. The default is set to a 30 year loan, but you can adjust as needed.
Property Taxes
Enter estimated monthly payments.
HOA Dues
Homeowners association fee (HOA) is a monthly payment that assists with maintaining and improving properties in the association.
How to Use a Mortgage Calculator
If you are obtaining a loan with your bank, typically they will have a loan calculator you can use.
Down Payment
Enter the amount of money you plan to pay for the down payment on the home. A higher down payment will lower your monthly mortgage payments.
Interest
Mortgage interest rates are influenced by the market and your financial health which takes into account your credit score and the down payment amount.
Principal & Interest
This is the monthly mortgage payment which consists of principle and interest