Mortgage Payment Estimator Tool Overview

The Mortgage Payment Estimator Tool consists of three sections:

  1. Form
  2. Results
  3. Add To Budget

Form

This section allows you to input the necessary details for estimating your mortgage payment.

  • Required Fields:
    • Location Information: All fields related to the property location.
    • Mortgage Information: All fields related to the mortgage details.

Calculate:

  • Once the form is completed, click “Calculate” to process the data.
  • Error Handling: Any errors in the form will be displayed and block the calculation.

Results

The results provided will include four key estimates:

  1. Estimated Total Payment
  2. Estimated Mortgage Payment
  3. Estimated Monthly Property Taxes
  4. Estimated Optional Expenses

Add To Budget

  • Add To Budget Button: After generating a calculation, an “Add To Budget” button will appear next to the “Calculate” button.
  • Functionality: Tapping this button will update the “Rent or Mortgage” field in the Housing Information section of BudgetBuilder.
    • Entry Details:
      • Selection: “Mortgage”
      • Amount: The Total Payment result

Access

The Mortgage Calculator is currently a premium feature.

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