Howard Zelin an experienced real estate agent who has the knowledge about the growing and evolving commercial real estate market. He has listed down the determinants of monthly mortgage payments, interest charges, amortization periods and much more.

At the time of purchasing a new property, there are pretty complex numbers that needs to be calculated to figure out loan amount you would need, your repayments and the interest you will be paying over the term period. Howard’s list starts with a mortgage calculator that you will need to know how much is the price of the home and the amount you intend to contribute as a down payment.

1. Determining Your Principal and Down Payment Amounts
2. Choosing Your Interest Rate and Amortization Period
3. Using a Mortgage Calculator for Refinancing
4. The Closing Costs

While online mortgage calculators can handle the tricky math to determine monthly payments and interest costs, you may still find that you have questions about your mortgage or some aspects of the process. For more information you can contact your mortgage professional and they will be happy to share their advice and expertise.

About Howard Zelin

Howard Zelin is a highly dedicated and experienced professional providing innovative capital solution to meet the challenges of a rapidly evolving commercial real estate marketplace. He has completed his B.S. from Syracuse University and J.D. from Toura Law School. Being a philanthropist, Howard Zelin donates to Pediatric MS for providing comprehensive evaluation and care to children and teens up to the age of 18 with MS and related central nervous system (CNS) and demyelinating disorders.