To help you estimate the mortgage, Sutton Select has developed the following easy-to-use mortgage tool.
Tip! Click the help icons in the calculator for more details.
Click to start
Real estate properties include an asking price known as the list price. This dollar amount is included in the listing as the price that the seller would like to receive on the sale.
The portion of the home purchasing price that is not financed by the mortgage loan. The buyer must pay the down payment from his/her own funds or other eligible sources before securing a mortgage. Mortgage loan insurance is typically required by lenders when homebuyers make a downpayment of less than 20% of the purchase price.
Mortgage Interest Rate2
Mortgage Interest Rate
The cost of borrowing - the percent of interest you will be paying on the mortgage (loan for a specific term.
Maximum Mortgage represents the lesser of the maximum mortgage permitted with the down payment provided, or the maximum permitted given your income and debt obligations.
Monthly: Monthly payments.
Mortgage payments which are made on the 1st and 15th of the month, or twice per month, 24 payments per year. Not to be confused with bi-weekly mortgage payments (26 payments per year).
Mortgage payments which are made every 2 weeks for a total of 26 payments per year. Not to be confused with semi-monthly mortgage payments.
Mortgage payments which are made every week for a total of 52 payments per year.
This calculator is for demonstration purposes only. There are no guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.