You can determine how much your mortgage payments will be. Just enter the amount you want to borrow, the interest rate, the number of payments per year, and the term (number of years). Don't forget to subtract your down payment from the cost of the home.
Most lenders will require an additional amount to cover your home insurance, real estate taxes, and PMI with the mortgage payment. The lender will then make these payments for you.
For instance, if you are making monthly payments, each payment would include 1/12 of your yearly taxes, insurance, and PMI.
See the help screens for the individual fields by clicking on the underlined key words (links).
Accurate Inspections, Inc.
Michael Del Greco, President
New Jersey Home Inspector License # GI0121
American Society of Home Inspectors Member #102273
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This file was last updated on Saturday, 29-Dec-2007 18:28:15 EST * Copyright © 2008 All
rights reserved by: Accurate
Inspections, Inc. A New
Jersey home inspection
firm providing New Jersey
Certified Home Inspections in NJ, by New Jersey Licensed home inspectors. Inspector of record Michael Del Greco, New Jersey Home Inspector License GI 0121.
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