Expert: Some ‘bright spots’ in spring housing market

Expert: Buyers shouldn't feel discouraged by higher mortgage rates
Buyers have a better chance to negotiate as the spring market is underway
One trend that's impacting the market is record-low inventory levels

Updated: Apr 29, 2023 / 07:33 PM CDT

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

Loan Amount ($):

This is the total amount you're borrowing from the bank.

Annual Interest Rate (%):

This is the yearly interest rate on your loan.

Loan Term (years):

This is how long you'll take to repay the loan.

Annual Property Tax ($):

This is the yearly tax you pay on your property.

Annual Homeowners Insurance ($):

This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

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