Using the Tampa Bay Mortgage Calculator 

Obtaining home financing is a complex process with many steps. Choosing the home financing program can be very costly to a home buyer if the right decisions are not made. Estimate how much your monthly payment will be using our home mortgage payment calculator.

Understanding Finance Basics

• Interest rate: The interest rate is the percentage of your loan amount we charge you to borrow money.
• Discount points: One point equals 1% of your mortgage amount. Points may lower your interest rate.
• Origination charge: All charges, other than discount points, that all loan originators (lenders and brokers) involved receive such as fees, document preparation, and underwriting.
• Loan term: Your loan term is the amount of time you have to pay off your mortgage balance. Shorter loan terms typically mean higher monthly mortgage payments, but often have lower interest rates and thereby end up costing you less money overall.