How do I calculate my monthly payments on a new home?

How do I calculate my monthly payments on a new home?

John Caliendo (Realtor) gives expert video advice on: What are some of the benefits of owning a home?; What are some of the drawbacks of owning a home? and more...

When buying a home, the good news when calculating your monthly payments on a new home is that in this age of information, there are countless websites that will enable you to go and determine what your value is. This is in stark contrast to the golden age of real estate, where you would have to have a scientific calculator and really know what you were doing when calculating your monthly payments. Like I say, there are many, many websites. You can determine interest-only, or a traditional principal and interest loan.