Do you know how much you can afford right now, or if you should borrow the maximum lender amount?
Use our mortgage calculator to help determine what your monthly payment will be. Testing different terms for a mortgage will help find the best option that works for you. Here’s how it works.
1. Enter the price of the home you’re buying, and also enter the down payment.
2. Enter different mortgage options, such as the length of the loan (years) as well as the loan rate.
3. Press ‘Calculate’
You’ll be shown what your monthly payment will be as well as the total cost of the loan.
You should also make sure to take into account mortgage insurance, house insurance, property taxes, and homeowner association fees in your calculation to understand the true cost of the home you are buying.
About BOMIC Real Estate
Whatever your real estate needs, we can help make your experience a positive and life changing one. It is our goal to provide the best quality, most professional real estate service to all of our customers and clients.