When shopping for a mortgage, you want to be sure you are getting your best deal. S&S PANAMA REAL ESTATE AND MORTGAGE BROKERS is dedicated to helping you find the best mortgage for your needs.
That’s why we offer these mortgage calculators.
Fill the fields with the requested information to calculate the monthly payments of the property that you wish to buy. Each bank has a different annual interest so you must provide the information based on the current data of your buying process.
Note: You can calculate with 4% to 5% interest rate and the monthly payments are estimates. You will get the final mortgage payment once we choose which bank you will apply with and it will also depend on the down payment. Usually independent applicants need 15% – 20% down payment and applicants with pay stubs (ficha) 10% down payment. Amortization period is usually 30 years unless you are older than 50 years it varies from 20 to 25 years.
How using the Calculator to calculate your mortgage payment ?
PUT THE PURCHASE PRICE OF THE HOUSE FOR EXAMPLE 250,000. Then FIELD OF DOWN PAYMENT MULTIPLY THE PURCHASE PRICE BY 15 % and add it to the field. THE 15 % would be 37,500. INTERESTS IN THE FIELD OF USE OF SUCH AN INTEREST 4.5 30 years in the field of amortization and get an estimate of what your monthly payment would be. FOR FURTHER INFORMATION PLEASE DO NOT HESITATE TO contactarnos.IMPORTANTE! ALWAYS REMEMBER monthly mortgage payments may be less than elpago monthly rent. If this is the case the purchase of your home is a better option . What are you waiting Call us now and leave it to a professional to build your dream!