For a given home price of $125,000, the monthly mortgage is computed using a 5% down payment ($6,250) and a 7.5% annual interest rate, spread over 360 payments.
This expanded setting will include additional fields to closer define your loan needs and payment amount.
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Estimated Monthly Payment
$1,393
Loan Amount
$118,750
This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. First Choice Lending Group can provide you an approval within 48hrs.