But what is my mortgage payment?
June 27th, 2008 . by adminLet’s say you found a great house you want to buy. You know your salary, exactly how much debt you have, what interest rate you will qualify for, and you know how much savings you can contribute toward closing costs and a down payment. The real estate agent is telling you what you can afford. Even the bank is telling you what you can afford. But you need to find out for yourself what you can afford. This is where you use a home loan payment calculator. You can plug in all your financial data and play around with the loan amount until your find a mortgage you are comfortable with.
