Whether you’re buying your first home or your fifth, it’s natural to have questions about the mortgage process. There are several types of mortgages and programs available, and it’s important to be sure you get the best fit for your family. Use our helpful calculators to run various mortgage scenarios. See how a bigger or smaller down payment might affect your monthly payment. Compare different loan terms. Get a clear picture of all the variables that impact your mortgage payment. Being prepared before you approach a lender can help you feel more comfortable and confident about your ultimate decision.
Enter the price of your new home, the amount of your down payment, the loan term, and the interest rate. Our calculator will show you approximately how much your monthly payment will be.
Stonewood Home Lending, Inc.
Local. Experienced. Convenient.
Whether you’re buying your first home or your fifth, it’s natural to have questions about the mortgage process. There are several types of mortgages and programs available, and it’s important to be sure you get the best fit for your family. Use our helpful calculators to run various mortgage scenarios. See how a bigger or smaller down payment might affect your monthly payment. Compare different loan terms. Get a clear picture of all the variables that impact your mortgage payment. Being prepared before you approach a lender can help you feel more comfortable and confident about your ultimate decision.
We know financials can get confusing. Use these terms to help enter the correct information into the mortgage calculator and find the estimated monthly payment of your future home.
Home Price
Enter the price of the home you want to buy. You can also enter the amount that you think you will offer.
Down Payment
Most home loans require a down payment of at least 3%. A higher down payment will lower your monthly payment.
Interest Rate
This is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.
Home Insurance
Home insurance or homeowners insurance is typically required by lenders. It covers damages to your home and personal assets.
Property Tax
This is typically based on the home’s value and location.
Loan Term
This is the length of time you choose to pay off your loan.
Principal & Interest
Principal is the original amount of your loan and interest is the amount charged by the lender for lending you the loan.
PMI: Private Mortgage Insurance
This type of insurance is added to your monthly expense and protects the lender if you stop making payments on your loan.
Taxes
This is your predicted taxes based on your home's location.
HOA Dues
Homeowner's Association Fee are paid by homeowners to maintain and improve properties in the community.
Most of the financing process can be conveniently handled online. Apply online and get prequalified in minutes. Submit necessary documents online, get conditionally approved online, and get an estimate of your closing costs and monthly payments.
The first step in the process is to contact one of our lenders and apply for a mortgage. You will be asked to provide specific financial information to get things started.
Our experts will help you choose a loan best fit for you and your needs.
Our experts will guide you through the underwriting process.
Our experts will guide you through the closing process.
Our experts will guide you through the process.
Welcome to your New Esperanza Home!
The first step in the process is to contact one of our lenders and apply for a mortgage. You will be asked to provide specific financial information to get things started.
Our experts will help you choose a loan best fit for you and your needs.
Our experts will guide you through the underwriting process.
Our experts will guide you through the closing process.
Our experts will guide you through the process.
Welcome to your New Esperanza Home!
Conventional loans are not backed by the government. Learn more about our conventional loan options.
An FHA loan is a government-backed loan insured by the Federal Housing Administration.
Know your options for paying off your mortgage. See if refinancing makes sense for you.
Whether it’s a fixer upper or a home you’ve lived in for years, a renovation loan may be just what you need.
We’re proud to serve those who serve our country. Learn more about our VA Loan options for Veterans.
Looking for a little assistance with your down payment? Check out the various Down Payment Assistance Programs available.
