MORTGAGE PAYMENT / HOME AFFORDABILITY CALCULATOR
Buying a home is one of the biggest financial commitments most people ever make. While the purchase price may seem straightforward, the true cost of a mortgage depends on your down payment, interest rate, and loan term. This calculator is designed to help you estimate monthly mortgage payments, total loan costs, and long-term interest, giving you a clearer picture of what “affordable” really means for your budget.
Please note: These calculators provide estimates for illustration only. Replace the sample numbers with your own to see a personalized scenario - and reach out to ReyMar Wealth Management for advice tailored to your goals.
UNDERSTANDING MORTGAGE PAYMENTS
When you purchase a home, your monthly mortgage payment is typically made in fixed installments that include both principal and interest. The principal represents the portion of the loan used to buy your home, while the interest is the cost charged by the lender. In the early years of a mortgage, a larger share of your payment goes toward interest, but over time, more is applied toward reducing your loan balance.
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Our Mortgage Payment Calculator helps you estimate not only your monthly housing cost, but also the total loan amount and interest you’ll pay over the life of the mortgage. By adjusting the home price, down payment, interest rate, and term, you can explore different scenarios and see how each choice affects affordability. This insight makes it easier to compare options, plan ahead, and move forward with confidence when purchasing or refinancing a home.
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OPTIONAL CASH MANAGEMENT
This hypothetical example is used for illustrative purposes only. Actual results will vary.
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This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek guidance from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.
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This material was written and prepared by ReyMar Wealth Management.
© 2025 ReyMar Wealth Management, LLC