Use the mortgage calculator to help you see what your costs will be to purchase or refinance your next property.

If you are an investor looking to purchase or refinance a mortgage, take note that you non-owner occupied homes are typically considered COMMERCIAL MORTGAGES. Rates and fees may be higher.

One way to invest or borrow, if you have the opportunity, is to use equity in your primary home. CAUTION, of course, as you may not want to RISK your home on an investment deal. This is an example of  LEVERAGE .

Your mortgage payment includes four components:

  • Principal
  • Interest
  • Taxes
  • Insurance

YOU may know about these costs but are not prepared for are the hidden expenses of homeownership. Homeowners association (HOA) fees, private mortgage insurance, routine maintenance, larger utility bills and major repairs.  The larger the property, the higher the carrying costs.

The biggest year-to-year surprise are PROPERTY TAXES.  In some parts of the country, property taxes are a major portion of expenses.  A yearly ESCROW ANALYSIS may either raise or lower your monthly payments – based on insurance and taxes.

The Calculator

Mortgage Calculator

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