How Much House Can You Afford?
A mortgage calculator is a great tool to help first time home buyers and those who are unaware of today's interest rates figure out exactly how much home they can afford. Let's be honest, almost everyone has a hard time with 'affording' $400000 for a home - but most can afford the monthly bite sized payments that a home that price requires. Using the guideline below will give you and your real estate agent a better idea as to what which Edmonton homes for sale are manageable for your lifestyle. It's a great first step!
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.
Contact us for more information about financing your next real estate purchase.