Down Payment Calculator
There are many financing programs available today to purchase a home with less than the traditional 20% down payment. Keep in mind, however, that when you borrow more than 80% for a mortgage, you will likely be required to pay private mortgage insurance (PMI), usually 0.5% to 1% of the loan, which in the long term means paying a lot of extra money (on a $400,000 loan it's $4,000 a year)
Monthly Mortgage Payments Calculator
Everyone wants to know: -How much am I going to pay per month for your mortgage? It depends on several factors: how long is the loan in years, what is the interest rate, what is the loan amount, what are the property taxes and annual insurance. With these numbers you can calculate what your monthly payments are going to be...
Loan Cost Calculator
You enter the interest rate of your loan, the mortgage amount, the points and closing costs and it will estimate the Annual Percentage Rate (APR), the real cost of the mortgage. Find out with your lender the closing costs to include in this calculator, or try using different values to see how it changes and weigh your options:
Mortgage Qualification Calculator
Do you want to know if you would qualify for the mortgage you want? What income does the lender expect you to have to be able to buy that home? Enter your monthly obligations in this calculator: other loans you have, credit cards payments, etc
Prepayment vs. Investment Calculator
This calculator allows you to compare what would happen if you took one of two choices with some extra cash you have: prepaying your mortgage each month, or investing it instead. This takes into account your tax situation and assumes you always itemize (even late into your mortgage when your interest will be lower) It is also assumed you give to charities and pay state/local taxes
For additional resources in other areas, visit the websites of these fine professionals:
Maryland Homes and Property is a comprehensive resource for individuals interested in buying or selling real estate in Maryland with a particular focus on Anne Arundel County and the residential communities adjacent to Maryland's historic capital, Annapolis. The site provides a MLS search and helpful local area information for those relocating to Maryland.
www.nationalrentalproperties.com is a great source for Rental Properties all across the United States.
Bill Ucci Orlando Real Estate agent is here to help you find a perfect home in Orlando Florida
