Monthly Loan Payment Calculator

1
All Western Mortgage

• Standard Mortgage Calculator

2

• Budgeting How Monthly Mortgage Payment
  Calculators Can Help

Calculators play a major role in influencing your
decision of buying a home. When you go for a
mortgage loan, it is important to use a monthly
mortgage payment calculator to figure out the
amount that youll be paying as monthly
installments. Mortgage calculators help in
financial planning, budgeting and appropriate
allocation of your funds.
3
Setting up a budget Using All Western Mortgages
monthly loan payment calculator, calculate a
monthly installment amount that you can
comfortably afford. Once that is done, discuss
this amount with your lender.
4
Ensuring that you meet your monthly payment
requirements on time is the most crucial aspect
of homeownership.
5
Include other expenses in your budget Mortgage
calculators will typically show you how much
youll be paying as principal and interest each
month, but they dont take property taxes and
homeowners insurance into account.
6
While you may not be paying for these two
expenses monthly, it is a good idea to take these
expenses into account and set aside funds for
them on a monthly basis.
7
Plan for closing costs Youll have to pay the
down-payment and closing costs while buying your
home. Down-payment can be anywhere between 5 to
30 percent of the cost of home, whereas closing
costs can be 3-7 of the loan amount.
8
Miscellaneous expenses While buying a home,
remember to include miscellaneous expenses like
moving costs, maintenance costs etc. in your
budget.
9
Although the most important aspect of budgeting
for a home loan is the monthly mortgage payments,
all the above mentioned costs cannot be ignored.
In order to accurately calculate your monthly
loan re-payment amounts, feel free to use All
Western Mortgages mortgage calculators at
http//www.awmlending.com/calculators-standard.php
10
All Western Mortgage
Contact us

• Address
• 8345 W Sunset Rd, Suite 380Las Vegas, NV  89113
• Phone [phone]
• Corporate 702-369-0905
• Fax [phone]
• E-mail info_at_awmlending.com
• Website
• http//www.awmlending.com/