The real estate loan calculator is useful to determine how much your monthly or bi-monthly loan payment will be. Simply multiply the monthly amount by 12 to determine how much your loan payment will be for a year.
Calculations Include: insurance, PMI – If needed, and property taxes. Note: California State Sales Tax is 1% of sales price PMI (Mortgage Insurance) Apx. 1.5 percent of the loan if your down payment is less than 20%. Note: PMI and interest are Tax-deductible.
Check out other Useful information at David Norwood Central Coast Services: Utilities, First Class Postage Online with Tracking Number, School Information. Also I wrote a great Blog Called SAVE $10,000 BY BUYING A HOME COMPARED TO RENTING with a chart showing how money you will save by buying a home.