How Much Can You Afford?
Check out current rates, estimate your mortgage, and learn how it works.
Use our mortgage calculator to estimate your monthly payments.
View the current mortgage rates for WA.
Please note that rates may be up to 48 hours behind. For up to the minute rates contact us today!
Calculating a mortgage payment
Why do you need a mortgage calculator?
The Shout Mortgage Calculator can help you determine:
The right mortgage term length
With a 30-year fixed-rate home loan, your monthly payment will go down, but the total interest over the loan’s life will increase. On the other hand, a 15-year fixed-rate home loan lowers the total interest but increases your monthly payment.
If an ARM makes sense.
Here, the initial constant rate acts as a “teaser” before changing into a floating rate for the rest of the loan’s period. Are you planning to stay in the home for just a few years? Consider a 5/1 ARM. Be sure to know how the amount of your monthly payment can change at the end of the teaser rate, especially if there’s an upward trend in interest rates.
If you’re paying too much
With the calculator, you get to know expected monthly payments after taking into account all the costs: think PMI, taxes, and other insurances
If your down-payment is just enough
It’s now easier to pay just a small down payment- as low as 3%. The calculator is your best friend in deciding the right amount to put down.
Typical costs in a mortgage payment
Below are the essential components of the monthly mortgage payment:
If you belong to HOA, the mortgage insurance is billed directly – separate from the monthly mortgage payment. Seeing that such bills are forgettable, we include them in our calculator.