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Home > Loan Programs > Mortgage Calculators

 

Calculate Your Monthly Mortgage Payment

Fill in the Principal Amount, the Interest Percent (i.e. 6.1), and the number of years.  Then press the Calculate button.

Principal Amount: $ 
Interest Percent: %
Number of Years:
     
Your Monthly Payment:
  
(Calculated) 
$ 


 


How Much of a House Can You Afford?

Getting together a down payment is just the initial part of purchasing a home. Knowing how much of a mortgage payment will fit your monthly budget is another part. The calculators below can help you figure that out.

 Affordablilty Calculators

  Income Method  
  Gross Monthly Income
  Multiplied by 28% (.28)
  Maximum Monthly Mortgage Payment

  Debt Method  
  Gross Monthly Income
  Times 38% x .38  
  Total of regular monthly debt payments=
(car payments, installment loan, etc)
 
  Maximum Monthly Mortgage Payment =
     
Debt method acquired by 
(Gross Monthly Income x 36%) - Monthly Debt Payments

 

 Estimating Your Monthly Payment


Cost of Home:
Down Payment:

Amount Financed =
Divided by 1000 =
Multiplied by Interest Rate @~7%
Estimated Monthly Payment:
   

 
 

 

 

 

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Licensed by the Pennsylvania Department of Banking

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