Mortgage Calculators
How much house can you afford?
Affordability Calculator
Before you start looking for a new home, you need to have an idea of how much you can afford to pay. To find this out, you will need to take a closer look at your total monthly household income as well as the debts and regular monthly payments you are already making. In addition, you will need to consider how much money you can put in down payment, the loan interest rate, and the length of the loan. You will also need to have an idea of how much the taxes will be, as well as the insurance and PMI (Private Mortgage Insurance) costs.
What will your monthly payments be?
Mortgage Payment Calculator
The payment loan calculator can also be used to show your payment depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment. Even the value of your home will affect your payment.
Crunch the numbers. You may find that buying a home is less expensive than renting! Remember: Our preferred lender, Atlantic Bay Mortgage Group, offers customized loans—many with up to 100 percent financing, making it possible to buy a home with no down payment.
The featured lender has an affiliated business relationship with EDC Homes. You are under no obligation to use the featured lender for financing. If you have a brokerage relationship with another agency, this is not intended as a solicitation. This communication is provided to you for informational purposes only and should not be relied upon by you. EDC Homes is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn more about its mortgage products and your eligibility for such products. Information deemed reliable but not guaranteed. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
Have questions about any of our homes or features? I welcome the opportunity to answer any questions you may have about our homes.
Move In Ready Homes
EDC’s homes are pre-inspected, and most buyers secure financing and close within 30 days. Just move your furniture in, relax, and enjoy your new home!
Communities
Houses make up neighborhoods, but people make up communities. Check out EDC’s popular new home communities in Chesapeake, Norfolk and Virginia Beach. Which one is right for you?
EDC's homes often start with someone like you in mind. With a chance to select some features and even paint colors, take a look through our inventory to pick out yours!