Before buying a house, it’s good to know how much home you can afford. Use our helpful calculator to estimate what your monthly mortgage payment would be. This amount will strictly be principal and interest.

So if you’re buying a $250,000 house with a 30 year mortgage, it will calculate how much that payment will be. To include property taxes in that estimate amount, we can divide the annual property tax bill of a property by 12 and add to that amount.

It is best to speak to a professional mortgage lender or broker to understand all the parameters that could potentially impact your monthly payments. Please feel free to reach out should you need any referrals that are experts at closing deals in the Jersey Shore areas.