RE/MAX Elite Realty • Justin Harrell, Real Estate Agent, Broker, Owner
Mortgage Calculator

A house is the largest purchase most of us will ever make so it's important to calculate what your payment will be and most importantly how much you can afford. The mortgage calculator tool to the left will show you how much your monthly payment will be.

Also listed is a chart that shows the national averages on mortgage rates from banks and other lenders.

Why Use A Mortgage Calculator?

Figuring out your mortgage payment can be very complex and confusing for someone that does not regularly work with those numbers. This makes using a mortgage calculator a necessity for most people that are trying to make a decision on purchasing a home.

With the mortgage calculator, you can actually figure out how much your monthly payment is going to be. When you live on a monthly budget, you know exactly how much you can afford on a house payment. Knowing what your monthly payment is going to be will help you determine whether or not you can afford a particular house. It gives you a budget to stick within and you can eliminate all of the houses that are over that particular number.

The only numbers you'll need to enter into the mortgage calculator on this page are:

• Principal - The amount of money you are borrowing (excluding interest),
• Interest - The interest rate you will be paying -and-
• The number of years you will be financing your home.

I, along with the team at REMAX Elite Realty in Franklin, NC, will work hard to help you realize the dream of owning your first home and will work to help you find a second home or vacation home.

Call today at (828) 421-0095 or toll free at (866) 981-4600 for any questions concerning real estate in Franklin, NC or email Justin Harrell, "Your REALTOR® for Results" in Franklin.