Mortgage Calculator
Thinking about purchasing an investment property in Florida? We can help you calculate your mortgage within minutes and ensure that you make the right decision before making a significant commitment.
Take these steps to get a complete overview of your mortgage:
- Fill in the details, including the home price, down payment amount, mortgage term, interest rate and home insurance
- Click on the Calculate button
- Get a copy of your results by entering your email address
Calculate Your Mortgage
Understanding The Mortgage Calculator
Factors Affecting Your Mortgage
Calculating a mortgage requires additional considerations beyond principal and interest. Realistically, mortgage payments include other charges, including taxes. So, here is what we consider while calculating your monthly mortgage payment:
- Principal: This is the amount you borrow from the bank. Each mortgage payment done on time reduces the principal you owe.
- Interest: The amount your lender charges you to lend you the money, which is charged annually at a fixed percentage.
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- Property taxes: The annual tax that the government levies on your property. You pay a portion of your yearly tax bill with each mortgage payment, and your loan servicer pays it all together when your taxes are due.
- Homeowners insurance: To protect your property from sustaining damage and financial losses from natural and manual factors, you need to have this insurance.
- Mortgage insurance: You may also pay mortgage insurance if your down payment is less than 20% of the home’s purchase price. It protects the lender’s interest if you cannot pay the mortgage.
If you belong to an HOA, the bills are directed to you without getting added to your monthly mortgage payment. Sarasota Management & Leasing’s comprehensive mortgage calculator considers your HOA fees.
How We Calculate Your Mortgage Payment
Our Mortgage calculator has a simple interface where our investors can enter their details and achieve monthly estimates in minutes. Under “Home price,” You can enter the price of the property you are planning to invest in or purchase.
Under the “Mortgage Term,” tab, enter the duration during which you can pay the mortgage. In the “Down Payment” section, adjust the cursor until you reach your down payment amount while buying your Florida property. You will have to pay this amount upfront for a property during the purchase.
You also have a tab where your property tax will be displayed.
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Additionally, under the “Interest rate” tab, slide the cursor to the rate you are willing to pay.
Our advanced calculator also enables you to enter the amount of your Home Insurance and HOA dues. By entering these specifications, you have to press the “Calculate” button to get an estimated monthly mortgage. After considering your principal and interest, property tax, HOA dues and home insurance, you will receive detailed results containing the monthly payment amount. You can readjust these values to achieve a lesser or greater mortgage amount. We also provide an option to send these results to your email id.
Benefits of Using This Mortgage Calculator
Determining your monthly mortgage payment is essential to figuring out how much you can afford to invest. The monthly mortgage payment may comprise your cost of living. Our mortgage calculator can help you estimate your mortgage payment when you buy a Florida investment property. It can help you decide:
If the home loan term length is right for you. The long-term fixed mortgage payment may lower your monthly payment but increase the interest. We can help you decide what is just right for you.
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If you are spending too much on your investment property, Sarasota Management & Leasing’s calculator will give you a realistic estimate of your monthly mortgage payment. It also considers all additional costs like taxes, insurance, and HOA fees.
It can also help you determine if you are paying the correct amount upfront. Increasing your downpayment amount can significantly reduce the mortgage you may be charged. By entering all the essential variables in the calculator, you can make the best decision while purchasing your investment property.
Why Use Our Mortgage Calculator
If you are considering buying an investment property in Florida, our mortgage calculator can be the best option for you. It helps in correctly estimating your monthly mortgage payment, which is an essential step when buying homes. The calculator is structured in a way that factors additional home buying costs apart from principal and interest. It includes taxes, home insurance, HOA dues and other factors to help you make a realistic decision.
Once you get a mortgage payment estimate with our calculator, you can ensure that you look for Florida investment properties within your affordable price range. With our calculator, you also get the option to apply various inputs and analyze how they affect your monthly payment and total loan cost. Moreover, Sarasota Management & Leasing’s mortgage calculator ensures you get quick and accurate results for your loan requirements!
“I have had my home managed by Sarasota Management for several years and am very happy with their services. The tenants they have approved have all taken very good care of the property and the service providers they use have all been top notch.”
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Why Work With Sarasota Management & Leasing
If you are considering buying an investment property in Florida, our mortgage calculator can be the best option for you. It helps in correctly estimating your monthly mortgage payment, which is an essential step when buying homes. The calculator is structured in a way that factors additional home buying costs apart from principal and interest. It includes taxes, home insurance, HOA dues and other factors to help you make a realistic decision.
Once you get a mortgage payment estimate with our calculator, you can ensure that you look for Florida investment properties within your affordable price range. With our calculator, you also get the option to apply various inputs and analyze how they affect your monthly payment and total loan cost. Moreover, Sarasota Management & Leasing’s mortgage calculator ensures you get quick and accurate results for your loan requirements!
Areas We Serve
We're experts in the Florida rental market. If you're a property owner or a tenant in the following cities, we're here to serve you:
What People Are Saying About Us
Want to Learn More?
If you’d like to learn more about our properties and what it’s like to work with Sarasota Management & Leasing, get in touch. We’d be happy to talk more about our rental properties, our application requirements, and our leasing process.
Sarasota Management & Leasing
70 Sarasota Center Blvd Sarasota, FL 34240
(941) 377-8400 | (941) 378-5863
info@sarasotamanagement.com
Milo
Christian Reyes 
Scott Corbridge
Christy Smith, Operations Manager, RMP®
John Goodbrad, 
Frank P Barrow lll, Leasing Coordinator
Karen Corbridge
Susan Galarza