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Mortgage Solutions
Made Simple

Mortgage Payment Calculator

The monthly mortgage payment calculator estimates your monthly payment in four categories:
Principal
Property Taxes
The interest you’ll pay
Homeowner Insurance
The JTS & Co. Mortgage Payment Calculator factors in your fees to give you a more precise payment estimate.

As little as .5% can save

A mortgage rate is the interest you pay on your home loan. Your monthly mortgage payment includes the interest owed on the loan, plus a portion of the remaining principal balance. A lower rate means lower monthly payments. Even as little as a 1% difference in rates, can save you a significant amount of money.

The Economy

When the economy is strong, rates often go up. During a weak economy, rates go down. Lenders also analyze economic data to try to forecast potential economic growth and slow down, and set rates accordingly.

World events

Markets become volatile during a crisis and international and domestic events. This impacts investor confidence and causes interest rates to change.

Federal Reserve activity and inflation

To keep inflation in check, the Federal Reserve controls the amount of money flowing through the economy by raising and lowering interest rates, and inserting more cash when necessary by buying Treasury bonds.
The rate you’ll be offered on your mortgage depends on the factors above, as well as your financial situation. This includes your credit score, loan amount, terms, and how much money you’ll put down. All of these are considerations in determining your mortgage rate and whether it will be on the higher or lower end.
Refinancing is also impacted by mortgage rates. The best time to refinance is when there is a justifiable gap between your current mortgage rate and the current market rates, which is when a refinance can save you a lot of money.
Even if you were previously denied a loan, didn’t qualify, or weren’t happy with the terms you were offered earlier, contact us today to see if we can put you back on track with a loan you’ll like.