Mortgage Calculator

At Steelman Mortgages, it is important to us that you find a mortgage which is the right fit for your financial needs.

To help you plan for your future, we have created a calculator you can use to help you visualize the impact that a home loan will have on your budget.

How to Use This Mortgage Calculator

Using this calculator, you can compute the monthly payment amount you can expect for a hypothetical mortgage. This can help you make decisions about buying a home. If you already own a home, it can help you to discover the potential cost-saving benefits of refinancing.

1To get the principle and interest monthly payment amount, start by inputting the purchase price of the property you are interested in.

2Then, input the down payment you are thinking about making.

3Next, put in the interest rate and the amortization period in years.

4You can then click on “Calculate,” and the principle and interest monthly will be displayed.

**It doesn’t include HOA or any extra special taxes that may be required for that particular property.
Please call for information on how to calculate property taxes and insurance.

(916) 847-7263

Keep in mind that the number you see does not include taxes or insurance.
You will need to calculate those separately and account for them when figuring out your monthly budget. After you get your initial calculation, you can start playing with the numbers to bring your monthly payment up or down.

For example, you can input a different down payment amount to see what the impact will be on what you owe every month. You can also play with the overall amount, the interest rate, or the amortization period to see what you get. The more you play with the calculator and adjust the inputs, the better you will understand the budgeting involved with paying off a mortgage.

See What Our Clients Are Saying About Us!

Monica Singh
Monica Singh
19:54 14 Sep 20
We have worked with Cindy for the last 8 years doing a home mortgage and two refinances with her. She is a pleasure to work with. She always gets back to you fast and answers all queries with great patience. She gets you the best rate and is always on top of things. Her loans close on time and with least hassle, because she is so organised. I would highly recommend her for your mortgage more
Catherine Heath
Catherine Heath
19:25 01 Mar 18
Cindy is knowledgeable and straight forward. I know I can trust her to give unbiased advice to my clients and myself. She is personable and very fast at getting right back to me on any questions I more
Dave Huntoon
Dave Huntoon
23:07 04 Mar 17
Cindy is a wealth of knowledge. I really appreciated her help!
Justin Gilbert
Justin Gilbert
16:33 08 Jun 16
I have been working with Cindy for the last several years. I consistently refer my best clients to Cindy because I know they will be well taken care of. She takes the time to understand my clients needs and fights to get them the best product for their lending needs. If you are considering a new home purchase, or refinance of an existing loan, do yourself a favor and call more
Christine Glaesman
Christine Glaesman
16:16 08 Jun 16
Cindy has a lot of experience in mortgage and can help you with all of your mortgage needs. Cindy is extremely knowledgeable in her industry. Cindy helps people qualify for a loan if they don't think they can qualify. Give her a call today!read more
shaun edwards
shaun edwards
15:59 08 Jun 16
You won't find a better mortgage professional in the Sacramento area. Cindy really knows her industry and does great work.
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