How Much House Can You Afford?
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
*Mortgage rates for Mobile Homes on rented ground are unfortunately a lot higher than average. Expect to pay anywhere between 7% and 12% Please contact one of our Mobile Home Financing Specialists for an exact number and other options.
Many of our clients avoid these high rates by going with a home equity loan on their primary house.
Contact us for more information about financing your next real estate purchase.