Are you looking to buy a home soon, or want to calculate what’s left on your home loan?
Purchasing a home is one of the biggest decisions you can make, so we want to make sure you’re well informed on your decision.
Mortgage calculators can be a very useful tool when making the decision to purchase property! This tool provides you with:
A great idea of what you can expect to pay on your future home
An understanding of what your estimated monthly payments will looks like
The ability to reverse engineer your home search to see where your ideal price range is
How your down payment or interest rates will affect your payments over time
It provides a rough amortization schedule
Calculations on what you’re paying towards both principal and interest
Mortgage calculators use a standard formula based on your input to calculate your estimated monthly payment. Mortgage lenders also use these calculators to determine the financial suitability of their clients, so it only makes sense to become familiar with this process and learn more about what to expect before ever meeting with your lender.
(We highly recommend using Alex Rasmussen with AlaskaUSA when you find that you are ready to get pre-approved for a home mortgage loan!)
The mortgage calculator that we provide on our website can be used to figure out monthly payments of your mortgage loan based on the sale price of the home, the term of the loan desired, your down payment percentage, and the interest rate of the loan. We want to make the home buying experience as seamless as possible -- which is why we make a point to provide you with easy access to every possible resource. Visit our resources page to take advantage of our simple, yet effective mortgage calculator.
Ready to Make a Move?
Precision Real Estate is based in Anchorage, and provides real estate services throughout Alaska. We will keep you informed on current trends and market dynamics to help you make the best informed decision. If you are interested in purchasing a home, get in touch with our experienced real estate agents! Our team of experts will negotiate great deals for your home and help you navigate the buying or selling process every step of the way. If you are looking to get into a property that makes sense, or need help analyzing a potential property, click the link below to get started.