Home Search Network- Mortgage Helper

—Generally, your monthly mortgage payment (including taxes and insurance) should not exceed 25-33% of your total gross monthly income.

—Remember, the interest portion of your mortgage payment, along with your real estate taxes, may be deductible on your income tax return!

—Use the chart below to estimate the amount of the principal and interest payment on your new home.

(If you want more specific information, please use the Request Form below.)

Calculate Your Principal & Interest Payment

Enter the purchase price of your home.
Enter the amount you plan to put on a downpayment.
This will be the amount of your mortgage.
This is a base figure used in calculating your payment.
Select the interest rate you expect to pay on the mortgage.	%
Select the term of the mortgage.	years.
"Calculate" will extract from the table your payment factor and multiply it by the base figure to determine your estimated payment.
This is your estimated payment.
(If you wish to start over, or if the numbers get messed up, just clear the form)

The above will help you estimate your mortgage payment.
If you would like more specific information, please fill in the following.

Mortgage Information
Request Form
(Red indicates a required field)

Name:
E-mail:
Daytime phone:
Evening phone:

Please wait while the information is sent. If you receive an error message, try again. If that doesn't work, send us e-mail and let us know. .