Sarasota Mortgage Affordability Calculator
Use the affordability calculator to get an idea of how much you can afford to spend buying a property. Enter all information based on monthly numbers.
Please consult a professional mortgage consultant for more details. All rates and percentages are approximations. Please contact a mortgage professional for current information.
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 their effect on the total monthly mortgage payment.