Use this mortgage calculator to figure out what rate and mortgage amount may suit you best. There are many ways to use this calculator:
1. Enter what you currently pay for rent in the “Monthly Payments” field along with the current rate taken from the sidebar. After this, click on the “Calculate” button beside the “Print report” field to determine your eligible mortgage amount, total mortgage payments, and total interest paid.
2. Click on the “What can I borrow?” tab and fill out the two sections called: Gross Annual Revenues & Total Monthly Debts. After this is complete, choose your mortgage rate along with amortization in regards to what the sidebar table of “Today’s Rates” indicates. When this is complete, press “Calculate” or “Print report” to have a hard copy.
3. If you would like to compare the interested paid on your mortgage in regards to a Variable Rate versus a Fixed Rate, select the third tab and fill out the information as indicated. Make sure to take today’s current rates from the sidebar of the website.
*Calculator is for simulation purposes only. Data generated by this calculator does not constitute any legal or contractual obligation from Landmark Financial Group.