How much will your mortgage payments be?
How To Use the Truliant Mortgage Calculator
Enter the values or use the slide.
- Start with Basic (default) and use Advanced if needed
- Add the sale price
- Enter the down payment (20% is typical)
- Include the Term (years)
- Finally, the interest rate (check rates here)
The calculator will update with each of your entries.
A mortgage is borrowing money from a financial institution to buy a house.
Interest rates on a mortgage can vary or be a set rate that applies to the life of the loan.
Failure to make payments, according to the terms of the mortgage, can result in foreclosure of the property.