A mortgage calculator is one of the many online tools that help you estimate a home loan payment.
The Marimark Mortgage mortgage calculator has some great features that will help you decide what type of loan is best for you.
Mortgage Calculator and Loan Calculator
The calculator has 2 major features. It’s both a mortgage calculator and a loan calculator.
You can use the calculator to do analysis strictly from a “loan” perspective with principal and interest. And you can do analysis from a “mortgage” perspective and factor items such as property taxes, insurance, and PMI.
Closing Cost Estimator
We also have a Closing Cost Estimator to help you estimate the costs in purchasing a home.
Just enter the purchase price of the home, and the calculator will give you an estimate of the closing costs, based on certain assumptions. To view or change the assumptions, click “View/Edit Closing Cost Details.”
The Affordability Calculator is at the bottom of the page, and helps determine how much you can afford on a home.
Enter your monthly gross income, monthly debt expenses and a few other details, and the calculator will give you the amount you can afford, based on certain assumptions which you can view by clicking “View Calculation Details.”
Home Loan Pre-Qualification
After you’ve used the calculators and you are ready to take the next step, contact us to pre-qualify for a home loan.
By pre-qualifying for a home loan, you know what you can afford on a home, and what types of loans you qualify for, which makes the purchase process much easier.