How much should I be spending on a home?

Use this calculator to determine your mortgage payments.

Instructions:

1. Complete the Total Amount ($) and Down Payment ($) fields.
2. The interest rate is based on today’s qualifying average.  You may qualify for a much lower rate. You can edit this if you wish or leave alone.
3. Typically, mortgages are 25 years.  You can adjust the Amortization Period (years) value based on your requirement.
4. Click on the ‘Calculate’ button to view results.
5.  The monthly mortgage amount will calculate and show.
6.  To view a detailed payment chart, click on the  icon.