A Helpful Mortgage Calculator for Washington State Home Buyers

May 7, 2018
Last updated:
August 29, 2023
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Mortgage calculators are a useful tool for Washington home buyers who are planning to use a home loan in the near future. These calculators give you a lot of insight you wouldn’t have otherwise. We offer an advanced mortgage calculator for Washington home buyers and homeowners, that includes some pretty handy features.

Click here to use our mortgage calculator.

A Mortgage Calculator for Borrowers

There’s no shortage of mortgage calculators available online these days. They’re one of the most common tools found on real estate and financial websites. But ours go a bit further than the average calculator, giving Washington mortgage shoppers a deeper level of insight into their financing options.

Our home loan calculator can help you answer these and other important questions:

  • How much will my mortgage payments be each month, based on the amount I need to borrow?
  • How much of a house can I afford to buy?
  • How much interest will I pay over the term or “life” of my loan?
  • How much of my monthly payment goes to interest, and how much to principal?

Our Washington mortgage calculator also allows you to adjust the down payment amount, to see how a larger (or smaller) investment might affect your monthly payments.

How Much House Can I Afford in WA State?

If you’re going to use a mortgage loan to finance your purchase, the amount of house you can afford to buy will largely depend on your financing ability.

When it comes to qualifying for a mortgage loan, your household income and recurring debts are too of the most important factors. These elements are used to calculate your “debt-to-income” ratio during the underwriting process.

Mortgage lenders use this ratio (among other things) to make sure you aren’t taking on too much debt with the addition of a home loan. So it’s essentially a protective measure that benefits the borrower and the lender alike.

Our Loan Officers Are Ready to Help

At Sammamish Mortgage, we take consumer education seriously. That’s why we publish new and helpful articles on a daily basis — probably more than any other mortgage company in Washington. We do this to help our readers and customers keep up with the latest trends in the mortgage and real estate industries.

We also provide a variety of resources for our site visitors, including the Washington mortgage calculator featured above. The calculator is a self-help tool that lets you see what your monthly payments might be, and how your loan will amortize (or gradually reduce) over time.

But there’s an even better way to get answers to your mortgage-related questions. You can speak to one of our knowledgable loan officers about your financing goals and options!

Apply For a Mortgage Today

If you’re ready to apply for a mortgage, Sammamish Mortgage is here to help. We’ve been helping home buyers and homeowners in WA, CO, OR, CA and ID with their mortgage needs since 1992, providing a variety of mortgage programs to suit their needs. Please contact us if you have financing-related questions, or if you’d like to receive an actual mortgage quote.

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