You can go to a lot of places on the Internet to find home mortgage calculators. These sites will let you input your information and give you an estimate of what your monthly payment will be. However, when purchasing a home, there is a lot more to think about than just the monthly payment.
For instance, when you purchase a home, the amount of interest that you will pay is important. The interest paid on a home loan is tax deductible for most people. That information can be very important in your home buying consideration. In addition, it helps to see how the interest and the principal of the loan come together to make your monthly mortgage note.
That is why the home loan calculator at Downs Financial is the one to use. Our calculator breaks down month by month what your payment will be. In addition, it tells you the amount of the payment that is going toward the principal, and the amount that is paying interest. You can also see how the payments affect the total loan throughout the years.
After using our loan calculator, fill out our simple online registration form. Once you submit the information, you will receive a call from one of our experienced loan officers in just 15 minutes. We want to be the one place you go for all your mortgage questions. We can work with all types of credit, and with people anywhere in the United States.