01
Home Price
The first step to calculate your mortgage payment is to know the home price you are going to buy. Getting pre-qualified is ideal to help set home price.
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We know that getting finance is one of the most important steps in the home buying process. Our team can help you find the best lenders!
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First Watch a video of how calculate your mortgage payments
The information you need to make your calculation
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02
Down Payment
Your down payment can be as low as 0% and as high as 40% depending mostly on your financial capacity. Money for closing costs is also necessary.
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03
Loan Program
There are different types of loan programs. Some has variable interest rates (arm) others have fixed rates. Loan term usually vary from 5 to 30 years.
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04
Interest Rate
The interest rate can vary depending on credit score, down payment, loan program, financial capacity, index, margin and conditions of current market.
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05
Property Tax
In Florida property taxes are calculated by millage rate, which vary by county. To make it easier you can calculate between 1.2 and 1.5% of market value.
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06
Home Insurance
Home insurance is calculated based on home age, roof conditions, rebuild cost and coverage. To get a rough estimate calculate home price x 0.0025.
Use our mortage calculator
NOW THAT YOU LEARNED MORE ABOUT FINANCING YOUR HOME IN ORLANDO, CONTACT US TO GET PRE-QUALIFIELD
Total monthly payment
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Clients testimonials
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