Buying a new home is one of life’s biggest investments. At Grey Rock Realty, we go beyond helping our clients find a property that satisfies everything on their “must-have” checklist (don’t worry, we’re really good at that too); our experienced crew of licensed realtors works with our buyers to ensure they have all the information needed to make a sound financial decision.
Most first time buyers don’t realize the many components that go into calculating a monthly mortgage payment. Beyond your principal installment, the total expense generally includes several other variables including interest, homeowners insurance, annual property taxes, and possibly mortgage insurance. Grey Rock’s digital mortgage calculator helps you determine your total monthly payment after entering some basic information like home price and down payment amount.
Grey Rock’s digital calculator provides a multitude of benefits to potential homeowners, including:
Eliminate the monthly mortgage guessing game. Calculating and modifying the critical data instantly delivers a monthly payment number to help you determine exactly what you can afford.
If you’ve already started your home search, you know firsthand that your interest rate has a significant impact on your monthly payment. The mortgage calculator is a great tool to utilize when comparing rates from qualified lenders.
The term of your loan also influences your total payment amount. Compare various loan lengths to see if you can afford an aggressive repayment plan or if a longer-term loan makes more sense for you.
Ready to launch your Fort Collins home search? Contact Grey Rock Realty today to connect with one of our real estate specialists!