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
Home insurance
Property taxes
PMI
3 Ways to Calculate Your Payment
3 Ways to Calculate Your Mortgage Payment
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