Buying a Home
Buying New Construction: How Can a REALTOR® Help?
In our current “Sellers Market” we are seeing a serious shortage of inventory for homebuyers to look at. Over the last 5 years, active listings
Joe Boylan
July 31, 2019
Mortgage Calculator
Mortgage Calculator: Colorado Springs Home Affordability
Your home purchase in Colorado Springs is probably the single largest purchase you will make in your lifetime. There are many options when it comes to mortgages, and while we are not mortgage providers, we want to provide you with as much information as possible so that you can make the best-informed decisions when it comes to your home loan and how much down payment for a house. Using a mortgage calculator for your Colorado Springs purchase is one of the first steps to buying a home.
Take a look at our tool and calculate your mortgage payment using the information for that home you have your eye on. When you are ready, we can get you in touch with a preferred lender so that they can get you on your way toward your home purchase. They will assess your credit history, existing debts and income and will be able to provide you with a variety of home loan options.
Calculate Your Payment
This Mortgage Affordability Calculator is a good first step when determining how much of a home you can afford when shopping for a home to buy in Colorado Springs. Enter the amount of the loan, interest rate, length of loan and amount of your down payment and you will see your monthly payment for principal and interest. Don’t forget your monthly payment will include taxes and insurance, so you will have to add that in to have a total monthly mortgage payment amount.
How to use the calculator
- Enter Loan Amount
- Enter Down Payment
- Enter Loan Length
- Enter Current Interest Rate
- Enter Tax, Insurance, PMI
- View Your Payment
Current rates can be found online, or contact us to be put in touch with our preferred lender.
Your total monthly payment
Principal & Interest
3 Ways to Calculate Your Payment
More Information About Mortgages and Payments
Buying a Home
How To Save For A Down Payment On A House – There’s an App for That
While homeownership has long been a central part of the American Dream, these days, it’s an ambition that’s becoming increasingly out of reach for many.
Joe Boylan
January 16, 2019
Buying a Home
What You Should Know When Shopping for a Mortgage
Housing may be a necessity, but real estate is certainly an investment. In fact, it’s the investment of choice for many. In a recent survey,
Joe Boylan
January 24, 2018
Buying a Home
Understanding Loan Commitment
The loan commitment is the beginning of the final stage in the home mortgage financing process. It is the lender’s conditional promise to offer a
Joe Boylan
January 23, 2018
Buying a Home
Good Faith Estimates
In previous articles, we discussed loan pre-approval and pre-qualification, which occur when a borrower makes a loan application. The big takeaway from this process will
Joe Boylan
November 20, 2017
Buying a Home
What is the Difference Between Prequalification and Preapproval?
Prequalification vs. PreApproval Prequalification and preapproval are two important real estate finance terms. Unfortunately, these terms often get confused. The difference is important as it
Joe Boylan
November 20, 2017
Buying a Home
What Do I Need to Get Prequalified for a Loan?
“By failing to prepare, you are preparing to fail.” ― Benjamin Franklin Preparation is an essential element in any successful real estate transaction, especially when
Joe Boylan
November 20, 2017
Buying a Home
The Up-Front Costs of Buying a Home
You might be getting a mortgage for your new home, but did you know? There are fees that you, the buyer, must pay prior to
Jennifer Boylan
November 7, 2017
Buying a Home
Buying a House with Bad Credit: Essential Tips for 2018
Qualifying for a mortgage can be one of the more frustrating aspects of the steps to buying a house, even if you have great credit.
Joe Boylan
July 10, 2017