Real Estate Calculators | Platinum Realty

How Much Can You Afford?

Our real estate calculator will help you determine monthly loan/mortgage amounts and help you to decide your buying power.

Simply, complete the fields below, press ‘Calculate’, and view a popup graph auto-calculate your estimated monthly payment.

CALCULATOR FIELD DEFINITIONS:

PURCHASE PRICE – the price or your offer price for the property you desire to purchase

DOWN PAYMENT – the amount of cash you are willing to pay towards the purchase of the property

INTEREST RATE – the rate that the bank will charge you for interest for the amount of money you are seeking to borrow

TERM IN YEARS – the number of years the bank is giving you to pay back the amount of money you are seeking to borrow

Enter your details below and receive an instant estimate of your monthly mortgage/loan payments.

Adjust the values by using the sliders or enter using your keyboard.

Purchase price

Please enter here the amount you expect to pay for a home.

Down payment

Down payment is cash that you pay upfront for your home.

Term in years

Number of years you have to pay.

year(s)

Interest rate (per year)

The percentage of interest that you will pay on your mortgage for a specific term.