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Utah Real Estate

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Utah Real Estate Corner

Bits of Advice


If your realtor hasn't done for himself what he's trying to do for you, find someone who has. How can someone give you advice if they haven't done it themselves? No matter how much education someone has, there's no substitute for experience in real estate.
Utah Real Estate Corner
Mortgage Calculator for Utah Real Estate Home Purchases
Enter the information for the home you are looking into buying. If you are just trying to figure out how much you can afford, Lenders typically want your house payment to be no more than 29% of your gross income (income before taxes), although we've known people to get loans (and it isn't all that uncommon) where the monthly payment was up to 45% of their monthly gross income.
Purchase & Financing Information
Sale Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization
 



This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes and home insurance cost, and their effect on the total monthly mortgage payment.

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