Texas Home Lending News

Simple Mortgage Calculator

March 11th, 2022 4:21 PM by Shawn Smith NMLS#863501

Get down to the basics!

The largest portion of a monthly mortgage payment typically is the amount that pays back and covers the cost of your loan—the principal and interest payment.

Use this simple Principal & Interest Calculator to play around with different loan amounts, terms, and rates. It’s easy to see how changes to either will affect your monthly cost.

Remember, the typical monthly mortgage payment also includes real estate taxes and insurance. Depending on your down payment amount and loan type, you may also pay mortgage insurance. Sometimes, condo/co-op or homeowners association fees are required, too.

While this calculator is a good place to start, I hope we’ll talk further before you begin your home search. We would be happy to verify the necessary information to be able to provide you with a pre-approval that can give you a big leg up on competitors when making an offer on a home.

If you have questions about home financing, please reach out. I’m here to help!

PRINCIPAL & INTEREST CALCULATOR

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

NMLS # 1134044

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Posted by Shawn Smith NMLS#863501 on March 11th, 2022 4:21 PM

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