- Payment Breakdown
- Amortization Schedule
Purchase Calculator
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The portion of the sale price that is not financed. Your down payment amount can affect the interest rate you get, as lenders typically offer lower rates for borrowers who make larger down payments.
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%
This is the price of the house minus your down payment.
This is the total amount you are financing, which may include upfront insurance premiums.
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$
There are many different types of loans. If you are not sure
what the best option is for you, a Ruoff Mortgage Loan Officer
can help you make that decision.
The amount of time or number of years that you will have to
repay the loan. Longer term mortgages can make your monthly
payment amount smaller than shorter term loans by stretching out
your payments over more years.
Credit score is a three-digit number, typically between 300 and
850, designed to represent credit risk, or the likelihood of
bills paid on time.
Amount you'll pay each year to borrow the money for your loan, expressed as a percentage.
%
Additional information provided under tool tips
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industry. Lorem Ipsum has been the industry's standard dummy text
ever since the 1500s, when an unknown printer took a galley of type
and scrambled it to make a type specimen book.
The portions of the monthly payment that reduce the amount you
owe (principal) and the cost of borrowing (interest).
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The standard insurance policy that covers damage to your
property and the things you keep in it.
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The tax that you pay as a property owner, levied by the city,
county or municipality.
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Dues that are used by a homeowners association — a group that
manages planned neighborhoods or condo communities. Payments go
toward maintenance of common areas used by all homeowners.
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Insurance policy that compensates lenders for losses from a
mortgage loan default. This can increase the monthly payment for
your mortgage. A down payment of 20 percent or more eliminates
the need for PMI.
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$ 1,551
Estimated Monthly Payment*
$ 1,551
Estimated Monthly Payment*
** Credit Score Range is for informational purposes only. Your credit will not be pulled by using the features of this calculator.
* Some restrictions apply.
