Mortgage Calculator March 14, 2021 Posted by Ali Yaqteen No Comments Mortgage Calculator (Estimate) The calculator below will give you an idea of the following: 1) Maximum Purchase Price based on your desired monthly mortgage payment; or 2) Monthly Mortgage Payment based on your desired purchase price. Your maximum mortgage amount with the NACA Mortgage combines the purchase price and any rehab escrow which cannot exceed the conforming loan limit of $484,350 in most areas and $726,525 in high cost areas with considerably higher amounts for multi-family properties. Also, your income determines where you can purchase as per NACA’s eligibility requirements. Enter your Desired Payment Enter your Desired Purchase Price Purchase Area Zip Code Desired Monthly Payment ? taxes, interest and insurance Property Type Condo Single Family Two Family Three Family Four Family Rent Per Unit ? Payment reduced by 75% of rental Down Payment ? not required with a NACA mortgage! $0 Principal Reduction Mortgage Term 30 Years 15 Years Interest Rate ? 30 year fixed - Below Market Rates! Buy-down Amount ? % of mortgage permanently reduces interest rate by 0.25% down to zero percent Interest Rate With Buy-down Tax Rate ? Rate is based on per $1,000 of mortgage 5% 5.5% 6% 6.5% 7% 7.5% 8% 8.5% 9% 9.5% 10% 10.5% 11% 11.5% 12% 12.5% 13% 13.5% 14% 14.5% 15% 15.5% 16% 16.5% 17% 17.5% 18% 18.5% 19% 19.5% 20% 20.5% 21% 21.5% 22% 22.5% 23% 23.5% 24% 24.5% 25% 25.5% 26% 26.5% 27% 27.5% 28% 28.5% 29% 29.5% 30% 30.5% Monthly Taxes Monthly Insurance Per Unit HOA / Condo Fee Purchase Price Share this Ali Yaqteen
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