Mortgage Calculator

Calculate your Payment

Calculating Your Mortgage

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. Calculating a mortgage payment amount is one of the first steps in buying a home.

Take a look at our tool and calculate yourĀ 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.

Mortgage Payment Calculator

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 that this monthly payment does not include taxes and insurance, so you will have to add that in to have a total monthly mortgage payment amount.
1

Enter Loan Amount

Including amount of down payment
2

Enter Interest Rate

Current rates can be found online, or contact us to be put in touch with our preferred lender.
3

Enter Length of Loan

Enter the # of years for the length of the loan.
4

Enter Down Payment

Enter the amount you will put down on the loan.
5

View Your Payment

This amount does NOT include taxes and insurance, so add these amounts to this total to see your total monthly mortgage payment.

Mortgage Calculator

Your monthly payment ($)

3 Ways to Calculate Your Mortgage

This video shows you 3 ways you can calculate your mortgage. There is an easy way to get an approximate value, a more complicated formula to give you a more exact number using a calculator, and online calculators you can use.