The price of your mortgage can vary greatly based on a number of factors, however it’s super important to have a realistic idea of what you are able to afford on a monthly basis so you can keep yourself from getting in trouble financially. Once you have your budget set, you can then use this calculator to figure out what your price range can be when shopping for luxury properties and condos in Boston.
Our mortgage calculator will easily calculate your monthly mortgage payment. Simply input the price of the house, the term of the mortgage, the down payment percentage, and the percentage on the loan, and it will tell you exactly what your monthly mortgage payment would be. It also takes into account other factors that directly influence your monthly payment like Private Mortgage Insurance (PMI), property taxes, and any maintenance fees or condominium fees. If you know what you can qualify for, and how much you can afford for a down payment, it will tell you the monthly mortgage payment with pinpoint accuracy. If you’re unsure of these figures, you can use this as a planning tool to help run through different scenarios and help get a clearer picture of where these figures should be for you. Now go and make sure to get pre-approved with a finance professional!
Once you know what you can afford, you can start browsing the immense database of Boston luxury apartments and condos for sale to find the perfect lap of luxury for your budget!