MORTGAGE CALCULATOR

CALCULATE YOUR HOME BUYING POWER FOR MARYLAND AND VIRGINIA REAL ESTATE

Use the unique Homefinders.com mortgage calculator to calculate approximately how much money you will qualify to BORROW for the loan types described below. The shorter the term of the mortgage, 1 year, 3 years, 5 years, 7 years or 30 years, the more money you'll be qualified to borrow. Add your cash down payment and you will instantly know the price range you should be considering for a home. These calculations are conservative, relying on approximately 28-30% of your gross monthly income for your mortgage payment.

Depending on your down payment and cash reserves, other debt and credit scores, you may be qualified for a higher or lesser price range. This calculator will provide you with a PRICE RANGE for you home purchase. A calculator is not a real estate agent or broker or a lender. If you wish a more detailed analysis of your buying power, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988 and we'll discuss your individual needs. Welcome to Homefinders.com.

The calculations you see are approximate and computed using average interest rates for home loans in Maryland and Virginia. Lenders have varying rates whether they are mortgage brokers, mortgage lenders, mortgage banks, or credit union lenders. Most lenders will provide you with a FREE pre-approval or pre-qualifying letter following a credit review. Homefinders.com will arrange a free pre-qualification for all of our home buyer clients.

Just enter your annual income below and click the calculator image.

Search HERE to see
Homes for sale in
Maryland and Virginia

HOME BUYERS AND BORROWERS BILL OF RIGHTS

Maryland and Virginia home buyers need a pre-qualifying letter to accompany a written offer to buy a home. We recommend that you contact your lender and have a letter ready or contact the Apple Mortgage below. No cost to you. You're paying a lot of money for your newly purchased real estate in Maryland or Northern Virginia. Let Homefinders.com help you make sure you don't pay more than you need for your mortgage loan. Homefinders.com does not have any financial interest in any mortgage company. However, we are committed to helping our home buyers from home search to settlement. Your mortgage loan is an important part of that process. If you have a question about any loan instrument or wish for us to recommend a trusted lender, just call Lenn at 800-711-7988.

ATTENTION BORROWERS
This may be the largest and most important loan you get during your lifetime. You should be aware of certain rights before you enter into any loan agreement. You have the RIGHT to shop for the best loan for you and compare the charges of different mortgage brokers and lenders.

You have the RIGHT to be informed about the total cost of your loan including the interest rate, points and other fees.

You have the RIGHT to ask for a Good Faith Estimate of all loan and settlement charges before you agree to the loan and pay any fees.

You have the RIGHT to know what fees are not refundable if you decide to cancel the loan agreement.

You have the RIGHT to ask your mortgage broker to explain exactly what the mortgage broker will do for you.

You have the RIGHT to know how much the mortgage broker is getting paid by you and the lender for your loan.

You have the RIGHT to ask questions about charges and loan terms that you do not understand.

You have the RIGHT to a credit decision that is not based on your race, color, religion, national origin, sex, marital status, age, or whether any income is from public assistance.

You have the RIGHT to know the reason if your loan was turned down.

You have the RIGHT to ask for the HUD settlement costs booklet "Buying Your Home."
Source: Department of Housing and Urban Development