As you develop a housing budget, determining your monthly mortgage payment is critical. For most people, a mortgage is their largest recurring expense. As you shop for a loan, or consider a refinance, First Choice Financial allows you to estimate your monthly mortgage payment below.
If the mortgage calculator shows a payment that feels a bit uncomfortable, you can try some options to reduce your payment. Play with a few variables to see if your payment will improve to a level you feel comfortable with.
Disclaimer: This is not a commitment to lend or a guarantee of payment amount. This calculator is for estimation and budgeting purposes only. Down payments of less than 20% will require private mortgage insurance (PMI). Estimated fees and closing costs can only be provided through a good faith estimate provided in writing by First Choice Financial of the Western Slope, LLC.
