Colorado Springs
Colorado Springs Mortgage Calculators
Colorado Springs Mortgage Payment Calculators
The mortgage calculators for FHA, VA, and conventional loans in Colorado are provided below. The FHA calculator can be used for USDA and Native American loans, while the conventional calculator can be used for jumbo loans. Construction loans and reverse mortgages Call a loan officer to talk about your alternatives.
Mortgage payments are the sum of the annual property taxes, annual hazard insurance, interest on the loan, and principal that must be repaid during the period of the loan, split monthly. Principal, interest, taxes, and insurance, or “PITI,” is the term used frequently to refer to this sum. A monthly Mortgage Insurance Premium is also included in the payment for conventional loans with loan-to-value ratios above 80% and FHA loans. There is no monthly MIP on VA loans.
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Explore Monthly Payment Options... Select Your Mortgage Type Below
What Makes Up a Mortgage Payment?
Components of Mortgage Payments
- Principal: The portion of the payment that goes towards paying down the loan balance.
- Interest: The cost of borrowing the principal, calculated as a percentage of the remaining loan balance.
- Taxes: Annual property taxes are typically estimated and divided by 12 to get a monthly amount.
- Insurance: This includes homeowner’s hazard insurance, which is also divided by 12 for monthly payment calculations.
Additional Considerations
- Mortgage Insurance Premium (MIP): For FHA loans, MIP is added to the monthly payment, as is PMI for conventional loans with an LTV over 80%. VA loans are unique in that they do not have this monthly premium, making them more affordable for eligible borrowers.
- Loan Terms: The calculators can adjust based on various loan terms (e.g., 15-year vs. 30-year), impacting monthly payment amounts and total interest paid over the life of the loan.
Why Colorado Springs is Choosing Capital Home Mortgage
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Colorado Springs Home Purchase loans
Looking to Purchase a Colorado Springs Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
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Looking to Rehab a Colorado Springs Home?
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Colorado Springs FHA Home loans
Great 1st Time Colorado Springs Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
Colorado Springs va Home Loans
100% Financing for Colorado Springs Vets
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Colorado Springs Conventional Home loans
Flexibility for Colorado Springs Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Colorado Springs Jumbo Home Loans
Colorado Springs Non-Conforming Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
Colorado Springs USDA Home loans
100% Rural Colorado Springs Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Colorado Springs Native american Home Loans
Colorado Springs Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Colorado Springs Manufactured Home loans
Great Colorado Springs Alternative Housing
- Existing Purchase or Refinance
- New Construction
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- Lock at Contract
- FHA, VA, USDA, Native American
Colorado Springs Reverse Mortgage Loans
Your Colorado Springs Home at Work
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Colorado Springs Non QM Home loans
Making Colorado Springs Mortgages Possible
- Purchase, Refinance & Cash-out
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- Alt Doc Programs
- Corporations OK
Colorado Springs Construction Home Loans
Build Your Colorado Springs Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Colorado Springs Refinance Mortgage loans
Colorado Springs Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Colorado Springs Cashout Mortgage Loans
Colorado Springs Equity Mortgage Loans
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