To find the right mortgage for your financial situation, use our mortgage calculator as a guide to figure out your estimated monthly payments, interest and principal rates, and the length of the mortgage.
Generally, a mortgage payment consists of PITI: Principal, Interest, Taxes, and Insurance. Principal is the monthly payback of the loan amount; Interest is the monthly payment of the cost to borrow the principal amount; Taxes consist of Real Estate taxes, which is paid to a local government agency; and Insurance deals with Homeowners insurance and any mortgage insurance (paid to protect the mortgage company). Buyers should also be aware that there are many types of mortgages, two of the most popular mortgages are: fixed and adjustable. Fixed mortgages have fixed interest rates and terms (e.g., 15 or 30 years). Principal payment and interest won’t change during the term, and both the interest rate and term are determined at the beginning of the mortgage. Adjustable mortgage rates, or ARM, are different from fixed mortgages in that the interest rate will go up or down depending on the current interest rate levels. The same can be said about the monthly principal and interest payments.
Mortgage Calculator
* (30 years = 360 months, 25 years = 300 months, 20 years = 240 months)
Please use any above calculated results as a guide. Receive the actual payment schedule from your lender in writing. This calculator works only if your browser supports Javascripts.
Edith Anaya: If you’re ready to make the move to the wonderful community of Wood Ranch, be sure to work with a local market expert who can guide you on the road to success—be sure to talk to Edith Anaya! Edith is a Quality Service Certified realtor who is committed to providing you with the highest level of service and professionalism, all while producing the results you’re looking for. (more)
Edith recognizes that each client has a unique set of circumstances, and her vast experience is the most valuable resource a buyer or seller can rely on in today’s fast paced market. Her specialties include short sales, foreclosures and investment properties, and she is also thrilled to share in the excitement of working with first-time homebuyers.
As a responsible and hardworking agent, Edith’s approach is to always stay two steps ahead and take care of any obstacles before they materialize. She understands the power of the Internet and utilizes it to help her buyers find their dream home. If you’re looking to sell, Edith will aggressively market your listing on the web so that it gets recognized by the right buyer.
In addition to being Quality Service Certified, Edith is Relocation certified, E-Certified, and Real Estate Owned Properties Certified. She serves as the co-chairperson for the Conejo Simi Moorpark Association of Realtors® Equal Opportunity and Cultural Diversity Committee.
If you are ready to purchase a new home and want a private consultation, or are interested in selling your home, please call Edith today at 805-279-0554 or email EdithAnaya@aol.com.
