When calculating the amount of your monthly home payment obligations, don't forget to factor in the cost of insurance and real estate taxes in addition to the principal and loan payments calculated below. Some of the newer developments, especially the newer St Johns County neighborhoods, also have what is called a Community Development District (CDD) Fee that you will want be aware of. Contact Us today for help in figuring out the total monthly costs associated with the home purchase over and above the cost of the loan payments or for a list of those neighborhoods with a CDD Fee.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.