Mortgage Calculator

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Mortgage Loan Calculator
Enter a "0" (zero) for one unknown value above.

Mortgage Loan Examples

Let’s assume the average mortgage loan amount is $300,000, although it is likely higher.

With an interest rate of 2.75%, the principal and interest is $1,224.72. The total interest paid back over 30 years is $140,900. 

With an interest rate of 3.5%, the principal and interest is $1,347.13. The total interest paid back over 30 years is $184.968.

With an interest rate of 4.25%, the principal and interest is $1,475.82. The total interest paid back over 30 years is $231,295.

I imagine by now you are seeing a trend. We can save or waste money in interest. The higher your scores, the less interest you spend and the more money you have in order to save and invest. 

So, in summary let’s say you have 2 cars at 12.5% and only spent $20,000 on each car. On just the vehicles, you would save $13,298.22 and $186.44 per month to apply towards the purchase of a home over 6 years.

Get in touch! We look forward helping you reach your goals.