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SUE ELLIOT
Mortgage Loan Agent
Santa Clara Valley Morgage
3880 S. Bascom Avenue
Suite 115
San Jose, CA 95124
Office: (831) 429-9126
Cell:
(408) 888-9865
Fax: (831) 429-9103
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Mortgage Calculator
Mortgage Loan Payment Calculator Instructions
- Subtract your estimated down payment from the property price and
enter the value in "Loan Amount" (Remember that if the down
payment is less than 20% of the sale price you will have the added
expense of Mortgage Insurance which is not figured into this calculation.)
- Enter the current interest rate. Contact me to
find that out!
- Estimate Annual Tax and Insurance and enter these values.
- To test the effect of different loan periods, try alternatives to
the default of "30" years.
- Each time you change a value hit "Calculate Now" to see
what the effect is.
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 For
the kind of service that accomplishes what you want and need
to accomplish - with experience and expertise backing it up
- and for answers to today's real estate financing questions
and opportunities, call today!
"The
key consideration for people pondering an ARM is how long they
intend to remain in a house. Some popular ARMs carry a fixed
rate during their first three, five, seven or ten years, making
them a good choice for homeowners who plan to move in a relatively
short period. These so-called hybrid ARMs generally aren't
a good idea if you plan to stay put. Other ARMs adjust every
year or less, making borrowers more vulnerable to short-term
swings in interest rates." [Ruth Simon, The Wall Street
Journal Sunday]
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