Warning: Creating default object from empty value in /home/elada/public_html/creditstocks.com/wp-content/plugins/calculatorpro-calculators/calculatorPro.php on line 239
Calculate the maximum mortgage loan that can you afford
How to use this online calculator: This online tool will calculate the maximum mortgage loan that can you afford with your current monthly savings. Fill in the maximum monthly payment that you can afford for the mortgage based on your salary (should be no more than your monthly savings), the mortgage interest rate that your bank offers and the number of years that you expect to pay the mortgage (for example 10).
If the calculated amount is not enough for your desired property, you can try with a longer period of the mortgage loan. But beware: the longer the period, the more interest you will pay. This means that long-term loans will have lower monthly payments, but you pay them more months. And in total, a long term loan will be a lot more expensive than a short-term loan.