Providing you with the tools to succeed, Marianne Farrell at Berkshire Hathaway can help you manage your mortgage and calculate exactly what falls within your price range. Use our mortgage calculator to see the range of affordability in your budget. Enter the price of homes for sale in Colorado Springs, Castle Rock, Tri-Lakes and other nearby areas. Then, enter the appropriate values to calculate your mortgage cost. Homes are an important purchase … you want to know and see real numbers and begin to formulate your plans.
This number reflects the amount remaining on your home’s price after subtracting your down payment.
Consult with your realtor to find out the area’s range of interest rates and what you might qualify for in your loan. To get an idea of the type of payment you might be making each month, calculate a few different rates to gain a sense of an average amount.
The term (in years or months) reflects the length of time that your loan will extend to fully pay off your home. When buying your first home, consider the monthly payment amount versus the amount of years you will pay and decide what is best or feasible for you.
About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.
Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.
Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser's phone number when you click-through to their website. In addition, credit unions may require membership.
Loans Above $417,000 May Have Different Loan Terms: If you are seeking a loan for more than $417,000, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.
Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.
Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.