Free Mortgage Calculator | Charleston SC Area

Prosperity Home Mortgage

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Realtor® License ID: 2048

902 Savannah Hwy, Charleston, SC 29407

https://angieursetti.agentowned.com

My Philosophy There are many qualities and skills that go into being an excellent Real Estate Professional: • integrity • in-depth community and market knowledge • marketing savvy • effective negotiation skills • a high-quality professional network All of which are cornerstones that I have built my business on. That said, in my experience as a Charleston Real Estate Professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs. This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients. Here’s a little information that you may or may not know about me, I... • graduated from The University of South Carolina in 1991 • obtained a SC Real Estate license in 1992 • worked in the banking industry from 1991- 1995 • began working in Real Estate full time in 1996 • am a second generation REALTOR • married and have seven grown children (24, 26, 26, 28, 28, 31 and 33!), a Cane Corso and two cats • attend Crosstowne Church • am a HUGE fan of Soccer, Motocross and Supercross • enjoy riding Harley Davidson motorcycles and participate in many charity rides throughout the year • am very involved both privately and professionally with Investment Property and Property Management • have been heavily involved with BPO, property preservation services, Relocation Companies and REO properties since 2003, working with many banks, lenders and servicers • am a member of the CTAR Property Management Group • have been awarded the REALTOR of Distinction award 16+ times. • have been a Director on the MLS Board for the Charleston Trident Association of REALTORs since 2006 • was the Vice President of the MLS BOD in ‘10, President in ‘11& Immediate Past President in ‘12 • Co-chair of the Grievance Committee for Charleston Trident Association of REALTORs since 2012 • Chairman of the Grievance Committee for Charleston Trident Association of REALTORs for 2015 • am on the Professional Standards board since 2017 • have the ABR, CRS, BPOR, and e-PRO designations as well as certifications from RES.NET and Equator

Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.