How much should I be spending on a home?
- Complete the Total Amount ($) and Down Payment ($) fields.
- The interest rate is based on today’s qualifying average. You may qualify for a much lower rate. You can edit this if you wish or leave alone.
- Typically, mortgages are 25 years. You can adjust the Amortization Period (years) value based on your requirement.
- Click on the ‘Calculate’ button to view results.
- The monthly mortgage amount will calculate and show.
- To view a detailed payment chart, click on the icon.