April 21, 2015

Looking to Buy a Home? Let's Get Started

Freddie Mac Mortgage Calculator

Looking to buy a home?  One of the first things you need to do is to get a sense of how much you can afford.  It’s quick and easy with our online affordability calculator.

Just plug in your desired down payment, total monthly mortgage payment, term (years) for the mortgage, and the interest rate (see current average mortgage rates). Based on your inputs, the calculator will show you what you can pay for your home. (And provide an amortization schedule so you know what you’re paying over the life of the loan ─ principal vs. interest.)

Thinking about buying, but not sure it's right for you financially? Check out our Rent vs. Buy calculator: It'll do the math.

We have 15 easy to use calculators to help you get started on realizing your goal. Learn if a fixed- or adjustable-rate mortgage is better for you, or whether you want a 15- or 30-year term. The calculators can help you determine closing costs, or add up the interest you'll save by paying a little extra each month. Take the next step and learn about the homebuying process on our Ready to Buy pages.

It's all at your fingertips: So check out our online calculators today.

Learn more about Renting vs. Buying.

Read other posts in our Spring Homebuying series.

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