Discover what your mortgage payment would be clicking on the Mortgage Payment Calculator link below 

     If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing. 

     There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. 

     To secure the best possible rate for your home purchace I would be happy to refer you to some very good mortgage contacts I have in Grand Island.

Mortgage Payment Calculator & Amortization Table

      This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage. 

     If your downpayment is 20% or more you will not be charged private mortgage insurance.  If your downpayment  is less that 20% you will be required to pay a monthly private mortgage insurance that will range from .32% to 1.04% of your loan amount divided by 12.

 

Mortgage Qualification Calculator

     This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.