TradeStreet Mortgage | Calculators

704-369-5294 | 866-433-8248

What Interest rate should I use? Click here to apply for pre-approval. Ask one of our loan experts to get your lowest available interest rate.

Want an Interest Only loan? Ask our loan experts about lowering your monthly payment further.

How Much Home Can I Afford?
_________________________________________________________________

Use the form below to calculate the maximum price of home you can buy for a desired monthly payment you know you are comfortable paying.

Home Price Calculator

Your Desired Monthly Payment
Cash for Down Payment and Closing Costs
Annual Mortgage Interest Rate (%)
Term of Mortgage Loan (# Years)
Estimated Closing Costs (as % of purchase price)
Est. Annual HOA Dues, Insurance & Property Taxes (as % of purchase price)
Est. Price of Home You Can Afford

Need Help? Click here to contact one of our loan experts to assist you immediately.

Interest Rate Tables
__________________________________________________

Use the tables linked below to quickly estimate your monthly mortgage payment based on any combination of interest rate and loan amount.

Print these tables to keep as a quick reference guide or take them with you in the car on your next home search.

Interest Rate Table for 30 Year Loan - Principal & Interest

Interest Rate Table for 15 Year Loan - Principal & Interest

Interest Rate Table for Interest Only Loans

How Do I Use Interest Rate Tables? Each row of the table shows the monthly payment for a given interest rate across several different loan amounts (ranging from $150,000 to $600,000). We've listed a few of the round number loan amounts to provide a quick reference, but we also show a column for how much your monthly mortgage payment will be for every $1,000 you borrow. You can use this column to calculate your payment for any specific loan amount.

Example: For a 30 year loan at 6.500%, your monthly mortgage payment (principal and interest) will be approximately $6.32 for every $1000 you borrow. If you are intending to borrow $200,000 your monthly payment for that loan amount will be approximately ($6.32 x 200 = $1,264.14). If you borrow $218,000, your payment will be ($6.32 x 218 = $1,377.91), and so on.

Need Assistance? Ask one of our loan experts to help explain how to use the interest rate tables.

Licensed by the North Carolina Commissioner of Banks, License #B-139122
Licensed by the Virginia State Corporation Commission, License #MB-3832

TradeStreet Mortgage, Inc. is an Equal Housing Lender.
Copyright 2008 |  All rights reserved.                                                                                                               Privacy & Security | Legal