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832.483.0829

The Gifford Group

Signed in as:

filler@godaddy.com

  • Home
  • Our Team
  • New Beginnings Blog
  • Home Search
    • Find A New Home
    • Map Search
    • Homes with pool
    • Cypress Homes
    • Katy Homes
    • Houston Homes
    • Land for Sale
    • Missouri City Homes
    • Fulshear Homes
    • Richmond Homes
    • Spring Homes
    • Sugarland Homes
    • The Woodlands Homes
    • Tomball Homes
    • New Construction Homes
    • Dream Homes
    • 55 Plus Communities Homes
    • For Lease Homes
    • Foreclosure homes
    • Advanced Home Search
  • Home Resources
    • What Is My House Worth
    • Apply Now
    • Capital Gains Calculator
    • Current Mortgage Rates
    • Mortgage Calculator
    • HAR Houston Homes
    • Home Buyer's Guide
    • Home Seller's Guide
    • Real Estate Market News
    • REAL ESTATE AGENTS
    • Owner Financing Homes
  • Divorce
    • Child Support Calculator
    • Divorce Real Estate
    • Divorce Buyout Calculator
    • Refinance Now
    • Divorce Checklist
    • Divorce Cost in Texas
    • Divorce Resources
    • Divorce Seminar
    • Divorce Support
    • Divorce Videos
    • Mortgage BuyOut
    • What Happens To The House
    • FAQ
  • More
    • Seller Net Sheet Texas
    • Inherited property Homes
    • Contact Us
    • Home Listings
    • Houston HOA Homes
    • Need to Sell Fast Houston
    • My Divorce Real Estate

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Mortgage Calculator, Calculate my mortgage payment

How to Use the mortgage Calculator

What a mortgage calculator can do for you

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.


HOUSE BUYOUT DIVORCE CALCULATOR 


By using the mortgage calculator, you can estimate your mortgage payment when you buy a home or refinance. By changing loan details, you can run different scenarios. The calculator can help you decide:


  • Choose the home loan term length that is right for you. You'll pay more interest over the loan's life with a 30-year fixed-rate mortgage, but your monthly payments will be lower. Although a 15-year fixed-rate mortgage reduces total interest payments, monthly payments are higher. Apply today


  • Whether an adjustable-rate mortgage is right for you. An adjustable-rate mortgage begins with a "teaser" interest rate and the loan rate changes - higher or lower - over time. If you plan to stay in your home for only a few years, a 5/1 ARM might be a good choice. You’ll want to be aware of how much your monthly mortgage payment can change when the introductory rate expires, especially if interest rates are trending higher. 


  • If you buy too much house. When you consider taxes, insurance, and private mortgage insurance, a mortgage calculator can give you a realistic idea of how much you can expect to pay a month.  The Hidden Costs of Homeownership, and How to Save Money.


  • Considering how much you put down. These days, you can put down as little as 3.5% as a down payment. You can use the mortgage payment calculator to determine what the best down payment is for your situation.


  •  Your debt-to-income ratio is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments, and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes. 


Want to know if you can buy out your spouse? Use our mortgage buyout calculator 


Search our  MORTGAGE GLOSSARY

 

Mortgage rates, Rates are still near record lows.

Apply Today

Mortgage Calculator, How Much House Can I Afford?

 We show you how to use our Mortgage Calculator to calculate a mortgage payment. 

We also cover Private mortgage insurance and in what cases you will need to include PMI.   

You can also use our mortgage calculator to find out how much money you need to make a year or monthly so you can qualify for a mortgage of that size.  

Mortgage Rates Today

Get Pre approved today with the Gifford Group
Mortgage Help, Understand your options for home purchase.

Get Approved with a Local Lender

Getting pre-qualified is the first step to homeownership.  

Download our Buyer Home Guide.


We are local lenders that can help get you prequalified today so you can get you into a new home quickly.  Apply today

Get Connected

Mortgage Loan officer

The Gifford Group Home Loans

Mortgage Banker | NMLS # 2357310

Loan Buyout

Get loans to buyout someone else out of a property. 


Conventional Loans 

Conventional Loans have more options for a wider range of properties and buyers.  Learn more about the Local Real estate Market. 


FHA is Popular with first-time buyers, 

FHA Loans allow borrowers with 3.5% down to finance a home.


Cash Out Refinance 

A cash-out refi happens when you replace an existing home loan by refinancing a larger loan.


VA and HERO Loans

Our Hero Loan program covers both VA Loans as well as Hero loans for our Community Heroes.


Looking For a Renovation Loan? 

FHA 203k Standard and Limited loans available 

Great for Purchases of Primary Residences that need Repairs done.  


We also offer HomeStyle loans that are more flexible renovations Loans than the FHA 203(K), It can be used for Vacations homes or Second Homes and Investment Properties. (Up to 9 months for repairs vs 6 months for 203K)  


Jumbo Loans

We offer Jumbo loans as well. 


See where else besides Texas  Mi Mutual is Licensed 

 

Thinking about getting a Loan for a House?


Search our Mortgage glossary

Apply Today

Mortgage Calculator with Amortization Schedule

VA Loans. The Greatest Loan product around!
12 THING TO KNOW ABOUT VA LOANS

VA Loans

Learn how we can help get you into a new home using your VA benefits today!   Apply today

Learn how

Copyright © 2023 The Gifford Group llc - All Rights Reserved.

 

Amber Gifford, Trec Lic. #0732687

INFORMATION ABOUT BROKERAGE SERVICES 


Scotty Gifford TREC Lic. #0740987

 Information About Brokerage Services


Scotty Gifford NMLS ID # 2357310

mimutual  NMLS # 12901
Texas Real Estate Commission Consumer Protection Notice


 Broker is FYI Realty Katy.  INVEST IN YOUR FUTURE

We also have a Humble office, FYI Realty Humble  

Real Estate LLC, License #539679

 

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Broker is FYI REALTY, Lender is MiMutual Mortgage