home buying tips, information and calculators.
If you're uncertain, click here for Advantage Home Mortgage to learn about prevailing rates, required down payment percentages, and loan terms.
following two calculators works with any Java Script enabled web browser
(e.g. Netscape 3.0 or higher or Microsoft Internet Explorer 3.0 or
If you're trying to calculate your available loan amount based on the monthly allowable payment above, simply adjust the loan amount until the monthly payment below matches the monthly payment above.
The monthly amount must cover your taxes and insurance, which typically amount to about 20% of your monthly payment.
Should You Get "Pre-Approved" for a Loan?
Many more buyers are applying for a loan and obtaining approval BEFORE they find the home they want to buy. Here are several benefits of Pre-Approval:
We can help you shop the market for a loan.