Yiannis Savvakis Apps

💪 LOANER is the new kid on the block of mortgage calculators has4tabs: » SETTINGS | set your budget and add your loan's main terms»EXPENSES | review/change initial expenses/closing costs/fees »LOAN| review the final loan amount, monthly payment and all keypoints» STATS | check your amortization schedule, set differentinterestrate per year, make extra payments, watch your monthlypayments ona graph This mortgage calculator mostly needs 4 things:» value ofthe property you wish to purchase » your annual income »your totalcash savings amount » adjust some sliders And gives youanswers on:» What is the total loan amount I would need to buy thatproperty?» Is it gonna get approved by the lender? 🤑 » How much isthe totalinterest i would pay? » What is the amount of monthlypayment? »How much do I really stand to pay for? » What is themaximum loanamount that can be approved? » What happens when theinterest rateis not fixed? » What will happen if rates rise? » Howmuch do extrapayments reduce my monthly payment? » What are theclosing costsand how do they affect my payment/loan-total? » Whatis better,many years/low-payment or less years/high-payment? » Whatis thetotal amount of down payment i would need to pay? » What isthepercent/amount of paid/remaining principal/interest for eachyear?» What is the total monthly payment including insurance andtaxes?Is it all about just having enough cash for the down payment?💰Getting a mortgage isn’t free. Before you get those housekeys,you’ll need to sign loan documents and paperwork thattransfershomeownership from the seller to you. Throughout yourhomepurchase, third parties, as well as your lender, haveperformedservices. Closing costs are fees these professionalscharge forthese services to finalize the real estate transactionand yourhome loan. How Much Are Closing Costs? Closing coststypicallyrange from 2% to 5% of the property’s purchase price.Thus, if youbuy a $200,000 house, your closing costs could rangefrom $4,000 to$10,000. Closing fees vary depending on your state,loan type, andmortgage lender, so it’s important to pay closeattention to thesefees. ℹ️ If you disable all closing costs thentypically thesavings input field acts like a down payment amountfield. Happymortgaging! 😀