While you may have a clear picture of your dream house, understanding what you can afford may be foggy. That’s why we have a mortgage calculator available. It’s a fast and easy way to calculate your home-purchasing budget in just seconds.
Your total monthly payment
It’s imperative to have a financial plan before you start house hunting. Too many homeowners have struggled with serious debt—and even foreclosure—because they bought a home they loved but couldn’t afford. Our mortgage payment calculator will help define your budget.
Once you’ve used our handy mortgage calculator, you may have a few questions about where to go from here. Below are some guidelines to help you stay within budget:
- Get pre-qualified for a mortgage before you look at homes. Your mortgage options will give you a clear picture of what you can and can’t afford.
- Don’t look at houses that are above your budget; it’s too tempting.
- Don’t allow realtors to talk you into raising your budget. You’ve set it so you can be in the best financial situation possible; make sure you stick to it.
Apply for a Mortgage Now!
If you haven’t scheduled a meeting with one of our loan officers yet, apply now to get started. We’ll guide you through the mortgage process and help you apply for the best loan. If you already own a house and would like to refinance, we can help you with that, as well. Contact us at (317) 564-4906 (Carmel) or (317) 754-4008 (Plainfield) with any questions. In addition to a home loan calculator, we have other useful resources, such as a glossary of terms and FAQs list.