This calculator quickly estimates a monthly payment based upon entering a purchase price, the down payment amount, the loan term & the APR of the laon. It will also figure the "all in" mortgage payment which includes property insurance, property tax &PMI.
We also offer the unique feature of allowing homebuyers to optionally see their cost per square foot & create a printable amortization schedule.
Usage tip: In rows with a percent-based dropdown if the "$" value is selected then the user can input the down payment amount directly, or if they select a specific percentage then the equivalent dollar amount is automatically calculated based on the purchase price of the home.
The following table shows current Ashburn 30-year mortgage rates. You can use the menus to select other loan durations, alter the loan amount, change your down payment, or change your location. More features are available in the advanced drop down
The average cost of building a house in the United States is about $125 per square foot, but that cost does not include the costs associated with financing a purchase or maintaining a home. This calculator allows home buyers to see their cost per square foot inclusive of borrowing, taxes, fees & other costs when buying a home.
To figure the annual cost per square foot of a property divide the annual rent by the square footage. For exmple, a propert which costs $30,000 to lease each year & is 1,200 square feet would have an annual cost per square foot of $25. To determine the monthly rate simply divide the annual rate by 12, which would yield a monthly cost of $2.08 per square foot.
Keep in mind when estimating costs to factor in associated fees to get a more complete view of the total cost.
US 10-year Treasury rates have recently fallen to all-time record lows due to the spread of coronavirus driving a risk off sentiment, with other financial rates falling in tandem. Homeowners who buy or refinance at today's low rates may benefit from recent rate volatility.
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