Upper Valley Mortgage Calculator
Budgeting
Budgeting is an essential first step in the home-buying journey, and we want to make it as easy as possible for you. That’s why we’ve included a free mortgage calculator to help you get a sense of the numbers. Keep in mind, this is just a tool to explore different scenarios—your bank’s figures may vary. You can adjust any of the yellow-highlighted cells, and the rest of the sheet will automatically update to reflect your changes. We hope this helps you take the first step with confidence!
Items to Consider
- Offer Price
- Money Down
- Annual Interest Rate
- Life of Loan (Most commonly 30 years or 15 years)
- Payments Per Year (usually 12 with 1 per month)
- Property Taxes
- Estimate for Property Insurance
- Private Mortgage Insurance (If you do not have a 20% down payment)
Keep in mind, this does not take into consideration your closing costs (budget 2-6% of the purchase price) nor inspections which will be an added expense during the purchase process.