![]() ![]() Other restrictions and limitations may apply. All products are subject to credit and property approval. Information, rates and programs are subject to change without notice. This is not an offer to enter into an agreement. How do we calculate your monthly payment P Monthly mortgage payment L Mortgage loan amount C Your mortgage interest rate N Number of monthly. Read the Texas Consumer Complaint & Recovery Fund Notice.Ĭopyright 2022 Fairway Independent Mortgage Corporation. No part of credit can apply to or offset down payment.įairway independent mortgage corporation is licensed under the laws of the state of Texas and by state law is subject to regulatory oversight by the department of savings and mortgage lending. Borrower is responsible for the down payment. This offer not valid with any other incentives or discounts. Special incentive offer subject to change without notice. Offer not available on bond or brokered loans. Loan must close and fund with Fairway Branch 5806. Discount will be applied as a lender credit on a closing disclosure at closing. One discount on allowable closing costs per loan. This calculator does not take into account other costs that will affect your monthly mortgage payment such as taxes & insurance or mortgage insurance.ģ00 Salem Street, Chico, CA 95928 | Branch NMLS ID# 2334448 Click the graph icon next to the payment amount to see a breakdown of the payments over time, payoff date, and the total principle & interest split. This consists of the principle & interest payment only for the loan terms you entered. Once you click ‘Calculate’, you will see your estimated monthly mortgage payment. Our calculators default to 4.49%, but you can adjust the percentage accordingly.ĪMORTIZATION PERIOD (YEARS): Choose the term – usually 30 years, but perhaps 20, 15, or 10 – and our calculator will adjust the repayment schedule. INTEREST RATE (%): Enter the rate you expect to pay for your new home loan. If refinancing, you can leave this at $0. A down payment is the cash you pay upfront for the home. If you are calculating for a refinance, type in your current loan balance, plus any cash out you’re hoping to add to the loan (if applicable).ĭOWN PAYMENT ($): For a purchase, type in the amount you plan on putting down for your new home loan. ![]() TOTAL AMOUNT ($): In this box, type in the price of the home you’re purchasing. Follow the steps below to get the most accurate payment estimations. The calculations behind mortgage payments can be complicated, but our Free Online Mortgage Calculator makes it both quick and easy to see what your monthly mortgage payment would be based on your Purchase Price, Down Payment, Interest Rate & Amortization Period (length of the loan). ![]()
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