Whether you’re buying a home or ready to refinance, our professionals can help.
San Francisco, CA, renowned for its iconic landmarks and vibrant culture, is also a hotspot for real estate endeavors. Delving into home ownership in this illustrious city presents its own set of financial intricacies. This is where the Mortgage Calculator steps in to simplify the maze. Crafted with precision, this tool assists you in adjusting your down payment and overall purchase values, leading you to a monthly commitment that aligns seamlessly with your financial objectives.
The Mortgage Calculator for San Francisco home buyers is a beacon for those looking to navigate the property waters of this coastal metropolis. By granting the flexibility to modify vital financial metrics, it becomes an essential tool, ensuring that every decision made is informed and well-calculated.
If you’re looking for financing in San Francisco, CA, we can help. Call us today to have your mortgage questions answered or visit our website to get an instant rate quote.
You can use our mortgage payments calculator to provide yourself with information about the estimated monthly mortgage payments you’ll make on a new home, with the option to include your anticipated tax, insurance and PMI costs. The following types of information can be entered into the mortgage calculator to give you the best results:
Work forward based on the price of the home you want to figure out your best loan term and potential monthly payment.
Use your down payment and monthly budget to discover how much home you can afford, then save up to $3000 by comparing top lender quotes.
Input your monthly payment to discover what kind of loan will work best for you, then fill out an application with a lender to verify the estimate.
Pay every other week instead of once a month and save thousands over your loan term by reducing the principal amount quickly.
You can input the amount you plan to offer for the home of your dreams or run the numbers based on the home list price.
Take your savings, deduct the amount you’ll need for closing costs, and what’s left will serve you as a down payment.
Remember that your interest rate will vary depending on the lender you choose, your loan program, and your credit score.
Depending on the type of loan you get (FHA, VA, USDA, or conventional), your finances will be impacted differently.
The assessed value of the home multiplied by the local tax rate will give you the estimated amount of your property tax.
Home value and location will both impact how much you will have to pay for home insurance to protect your investment.
You’ll need to pay PMI ranging from 0.5% to 2% of the loan amount if your down payment amounts to less than 20% of the home price.
A homeowners association (HOA) will charge monthly or annual dues, so find out if your home is located in an affected neighborhood.
If you can make a larger than required payment every month, the additional funds can go to reduce your loan principal.
Divide your annual income by 12 months to arrive at the monthly income that will be used when determining your ability to repay.
Add all recurring expenses or payments that you owe every month (like credit card bills or auto loan payments) to arrive at your monthly debt.
Compare your monthly income and monthly debt to find out what your debt to income (DTI) ratio is, the lower this number is, the better.
A bigger monthly payment means you’ll pay off your loan more quickly, cutting years and interest costs off your mortgage.
If you make half of a mortgage payment every other week, it works out to a whole extra mortgage payment every year.
Ask your mortgage company to provide you with your amortization schedule so you can learn your estimated payoff date.
If your instant rate quote isn’t what you expected, we can provide counsel on how to potentially transform your quote into something more acceptable. Sammamish Mortgage is a family-owned mortgage company with over 30 years of experience in the industry. We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO and CA. If you’re looking to buy a home in one of these states, we can help!
Yes, fees include points, origination fees, and closing costs.
Your income affects loan approval, not the rate directly.
Yes — higher credit scores get lower rates, while lower credit scores typically mean higher mortgage rates.
Not always, but self-employed borrowers may face stricter documentation.
Yes, but expect higher rates or limited options. If your rate is particularly bad, you may face rejection altogether.
Yes — lenders use your debt-to-income ratio to assess your risk.
Usually yes, equity is needed to refinance, unless you’re using a government-backed program.
APR includes interest, fees, and other loan costs.
A discount point is a prepaid interest fee to reduce your rate.
A rate buydown is a temporary reduction in rate paid by the seller.
Yes—our digital platform lets you get pre-qualified quickly and easily from the comfort of your home.
Our additional mortgage calculator tools are also free, and use data from your unique loan situation to give you a better idea of your estimated monthly mortgage payments. You can update the amount of your budgeted home price, your down payment, the expected interest rate, and your anticipated loan term to make adjustments to your projected monthly payment.
{hours_open} - {hours_closed} Pacific
No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.
