This calculator will calculate the breakdown of principal and interest payments for each year that you will be paying for the life of the loan. You can also view the monthly breakdowns.
By entering in your desired monthly payment, interest rate, and term, we can calculate the maximum loan amount you can afford. This calculation does not include any other fees that might be included with your mortgage payments.
To get a sense of how much you may be able to borrow, fill in this form and click on the calculate button. Please note that prequalification is different from preapproval. Preqaulification gives you an estimate of how much you may be able to borrow. Preapproval, on the other hand, indicates that you have been approved for a set loan amount prior to property selection.
