They might help you figure out what your mortgage payment will be
MORTGAGES | JUNE 22, 2023 | TODD SCHULTZ
Mortgage calculators are great tools for helping you understand how much home you can afford. They are straightforward and can show you how much your monthly mortgage payment would be under different home prices, down payments, and interest rate scenarios.
You’ll find all sorts of mortgage calculators on the internet. Some are bare bones and will only tell you information about principal and interest payments. Others are far more elaborate, layering in factors like property taxes, homeowners association fees, and private mortgage insurance.
While these calculators can give you a ballpark estimate of how much owning a home will cost, the numbers start firming up once you go through the application and qualification process. Peoples offers several types of mortgage-related calculators, including bi-weekly payments, adjustable rate mortgages, reverse mortgages, and a calculator that will help you determine if you should rent or buy.
A Peoples mortgage lender can give you a much more accurate view of what you can afford or how much payments may be for a home you’ve found.
Todd SchultzMortgage Lender NMLS# 642092
Put Todd Schultz and his more than 20 years of mortgage lending experience to work for you as you look to purchase your dream home or refinance your current house.
715-847-4102 | todd.schultz@bankpeoples.com(Opens in a new Window)