To find the right mortgage for your financial situation, use our mortgage calculator as a guide to figure out your estimated monthly payments, interest and principal rates, and the length of the mortgage.
Generally, a mortgage payment consists of PITI: Principal, Interest, Taxes, and Insurance. Principal is the monthly payback of the loan amount; Interest is the monthly payment of the cost to borrow the principal amount; Taxes consist of Real Estate taxes, which is paid to a local government agency; and Insurance deals with Homeowners insurance and any mortgage insurance (paid to protect the mortgage company). Buyers should also be aware that there are many types of mortgages, two of the most popular mortgages are: fixed and adjustable. Fixed mortgages have fixed interest rates and terms (e.g., 15 or 30 years). Principal payment and interest won’t change during the term, and both the interest rate and term are determined at the beginning of the mortgage. Adjustable mortgage rates, or ARM, are different from fixed mortgages in that the interest rate will go up or down depending on the current interest rate levels. The same can be said about the monthly principal and interest payments.
Mortgage Calculator
* (30 years = 360 months, 25 years = 300 months, 20 years = 240 months)
Please use any above calculated results as a guide. Receive the actual payment schedule from your lender in writing. This calculator works only if your browser supports Javascripts.
Dave Zimkin's reputation as a Real Estate Broker in San Diego is so solid, that he is constantly receiving courtesy calls from other listing agents giving him a heads-up of listings that will soon become available to the open market. His open and on-going relationships with Bank Owned Asset Managers, Portfolio Managers and REO Listing agents provide him and his clients a significant advantage to view homes before they become part of the main stream inventory. "In this crazy market, my clients need every advantage I can provide them. Everybody wins, I have found that listing agents appreciate working with a professional, educated Broker directly in this very fluid market we are in." –Dave Zimkin (more)
"The profit is in the buy, not in the sale." - Donald Trump
Dave swears he said this before Donald, but it still rings true, especially in today's buyers' market. As a Real Estate Broker, the only thing he can control is the price-point or point-of-entry he negotiates on his client's behalf. "A Buyer in San Diego is very fortunate to have such a great opportunity to purchase a home in this recently-corrected market. We may never see prices like this again in our lifetimes; I don't think the government will ever allow the banks to offer the type of loans that caused San Diegans to get so in over their heads ever again."
He believes that a home is the most valuable asset a person will own and it is not something that should be taken lightly. According to the National Association of Realtors, the average agent only sells 2.2 homes a year in the state of California. Dave averages just over 3.4 homes per month and continues to outperform himself year after year. Dave says, "Just like any industry, there is a lot of bad advice, and unfortunately in my industry, bad advice can be devastating to a family or a Real Estate investor who is dependent upon my knowledge and experience." – Dave Zimkin If you are ready to buy a home and want a private consultation, or are interested in selling your home, please call Dave today at 619-813-1300 or email dzimkin@gmail.com.
