Mortgage Calculator



Use this free mortgage calculator to help determine what price home you can afford in the Auburn/Opelika real estate market.

 

As always, Ashley recommends that you work with a local lender to determine effectively where you can be comfortable in the mortgage market. Feel free to play around with the numbers though, so you can know what questions to ask when you visit your lender of choice!

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
20.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment


$

Principal & Interest
$