Getting an idea as to the price of the home you can afford is an important first step in the home buying process. By understanding the price range you can afford, you can look for real estate in the appropriate areas and really find the ideal home for you. By working with me, together we can determine what the right home for you would be. Below you will find some helpful information to help you get a better real estate price point.



MORTGAGE PAYMENT TABLE

Equal Monthly Payment to 

Amortize a Loan (per $1,000 value)

 

Rate

Total Interest/$1,000

Percentage

15-Year

30-Year

5.00%

$7.91

$5.37

5.50%

$8.17

$5.68

6.00%

$8.44

$6.00

6.50%

$8.72

$6.33

7.00%

$8.99

$6.65

7.50%

$9.27

$6.99

8.00%

$9.56

$7.34

8.50%

$9.85

$7.69

9.00%

$10.14

$8.05

9.50%

$10.44

$8.41

10.00%

$10.75

$8.78

Example: Loan for $150,000 with 30-Year payment at 6% interest
 ($150,000 / $1,000 = $150.00) X $6.00 =  $900.00 
Monthly Loan Payment: $900.00 plus the following 
Hazard Insurance, Property Taxes, Mortgage Insurance if applicable
Equals Monthly Mortgage Payment

LOAN PREQUALIFICATION VS. PRE-APPROVAL

Getting pre-qualified for a loan can help you determine what you can afford. Please fill out the following information and I can help you determine at what price we should start looking at. Things such as your credit history, your income, your outstanding debt, monthly expenses, employment history, the type of mortgage you want, and the amount of savings you have can all impact on how much real estate you can afford.

Input Your Information
* Name
* Email
Phone
Address
City
State
Zip
Requests & Comments:

There is no obligation and your information will be kept strictly confidential.



Home Page | Santa Cruz Properties | Home Buying Advice | Home Selling Advice | Community Advice | Homeowners Advice | Real Estate News | My Listings | Agave Premier Listings | Free Customer Portal | Free Property Updates | What's My Home Worth? | Housing Market Conditions | Rural & Urban Community Development | Moving & Relocating | Finances & Taxes | Safety and Security | Gardening in the Desert | Agave Tidbits & Fun Stuff | The American Dream | My Real Estate Partners | Real Estate Request Forms | Monthly Newsletters | NAR Headlines | Explore Houselogic | RealtorĀ® Bio | Social Network Channels | Southern AZ Homes Mobile Site | Agave Land | Agave Multi-Family | Agave Rental | Agave Commercial for Sale | SouthernAzHomes Mobilizer | Agave Commercial for Lease
Site Map | E-Mail

Logo
Agave Premier Properties And Investments
1891 N. Mastick Way Suite B • Nogales, AZ 85621
Mobile: (520) 313-0352 • Office: (520) 281-4888
Email: ypalmer@AgavePremier.com
Fax: (520) 761-3307
Proudly Serving Santa Cruz County in Southern Arizona!

NogalesTubac