Estimate your monthly mortgage payments with Swiftly Loans Inc.'s easy-to-use Mortgage Payment Calculator. Whether you're buying a new home or refinancing, our calculator helps you plan your budget by providing quick and accurate estimates, tailored to your loan type and financial situation. Get started today and make informed decisions on your path to homeownership!
The mortgage term is the length of time over which you agree to pay back your loan. Shorter terms generally come with higher monthly payments but lower overall interest costs, while longer terms offer lower monthly payments but more interest over time.
Your down payment significantly impacts your mortgage, affecting your loan amount, monthly payments, and interest rate. A larger down payment reduces your loan-to-value ratio, which can lead to better rates and lower costs.
Homeowners Association (HOA) fees are an essential part of your debt-to-income (DTI) calculations. These fees can affect your mortgage eligibility by increasing your overall monthly debt obligations. Our mortgage calculator factors in HOA fees to provide a realistic estimate of your monthly payments, helping you better understand your financial commitments.
In California, annual property taxes can increase based on the new sale price of a home. This can significantly impact your total monthly payments. Our calculator includes these tax considerations, giving you a clear picture of how potential tax increases might affect your budget when buying a home in California.
Note that loans with downpayments of less than 20% require Private Mortgage Insurance. Click here for more info.
California-born, dedicated to serving California’s unique real estate market.
Swiftly Loans Inc., 21915 Wyandotte St., Unit 110, Suite 180, Los Angeles, CA 91303
NMLS 2495072 Go here for the Swiftly Loans NMLS consumer access page.
Privacy Policy & Terms of Use
