Do not take on new debt or make large purchases on credit cards.

The temptation is strong. There are many big purchases that people want to make in connection with a move: appliances, window treatments, furniture, etc.

Unfortunately, you will change what the mortgage industry calls your debt-to-income ratio's, the relationship of your income to your debt.

Additionally, the new inquiries and balance change on your credit report could negatively affect your score. This may cause you to be denied or not qualify for the best mortgage program.

New Home Puchase Mortgage Calculator

This calculator will show you the amount of your monthly mortgage payment. (Do not enter any characters in the field boxes, only numbers. For example 150000 not $150,000 or 10 not 10%)

Years Financed: Interest Rate: Loan Amount:
Annual Tax: Annual Insurance:

 

Results
Monthly Prin + Int
Monthly Tax
Monthly Ins
Total Payment

 

Illinois Residential Mortgage Licensee MB5732 • Illinois Department of Financial and Professional Regulation • 122 South Michigan Avenue, Suite 1900 Chicago, IL 60603 • 312-793-3000

Illinois Residential Mortgage Licensee 

 

 

 

 
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