Amortization Calculator

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. Under the Pink Umbrella and Theresa Ahdieh are not lenders 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. Under the Pink Umbrella and Theresa Ahdieh make 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.

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.

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.

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