Mortgage Calculator
Estimate Your Monthly Mortgage Payment in Colorado Springs
This calculator provides estimates only. Contact David Jeffrey for personalized quotes.
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Our mortgage calculator provides good estimates for monthly payments, but actual payments may vary based on specific loan terms, insurance costs, and property taxes. Contact David Jeffrey for precise quotes tailored to your situation.
Monthly mortgage payments include principal, interest, property taxes, homeowners insurance, and PMI (if applicable). The loan amount, interest rate, loan term, and down payment amount all impact your monthly payment.
15-year mortgages have higher monthly payments but lower total interest costs. 30-year mortgages have lower monthly payments but higher total interest. Use our calculator to compare both options and contact us for personalized advice.
Down payment requirements vary by loan type: VA loans can be 0% down, FHA loans require 3.5%, and conventional loans can be as low as 3%. Higher down payments reduce monthly payments and may eliminate PMI.