Our Simple Mortgage Calculator

Use our simple mortgage calculator to understand how the price point, down payment and interest rate affect your monthly principal and interest payment. Don’t buy a home without examining your budget thuroughly.

Home Loan Calculator

Live Estimate

Run the numbers to estimate your monthly mortgage payment.

Payment Snapshot

Adjust price, down payment, rate, and term

Estimates are for illustration only; actual terms may vary.

Understand Your Budget

Consider Your Current Home Payments

If that amount feels comfortable, use it as a baseline for what you can afford each month and adjust as needed.

Consider Your Lifestyle

Make sure your future home payment still leaves room for things you enjoy whether that be travel, savings, hobbies, kids’ activities, or just everyday breathing room.

Remember The Full Picture

A home payment isn’t just the mortgage. There will also be costs like taxes, insurance, utilities, HOA, mortgage insurance and upkeep. Give yourself a little cushion so surprises don’t become stressful.

Adjust As Needed

There is no one size fits all when it comes to a suggested mortgage payment. Certain loan options will allow you to utilize a 50% debt to income ratio. Only you can decide if that is prudent!

Are You Ready To Buy A Home In Mesa?

Take our buyers preparation quiz and find out!

Take The Quiz

Couple looking for a house to buy in Mesa while children play

Did You Know?

You can purchase a home with as little as 3% down. Lenders and programs are constantly changing to give buyers an opportunity to own their own home. Connect with us to learn about these programs!

Have You Heard?

New homebuilders are offering rate buy downs to make your monthly payments even more affordable. Reach out to hear about the communities that are cutting rates!

Connect With Us

What Are Our Clients Saying?

Our reputation depends on achieving the results our clients expect.
Find out what they’re saying about us.

    
 
 
         
   Jennilee  
 
 
 
 Trustindex verifies that the original source of the review is Google. I can’t say enough great things about my experience with Whitney and Red Penny! From the very beginning, everything was handled with such professionalism, care, and attention to detail. What really stood out to me was how smooth and stress-free the entire process was. He was always available whenever I had a question, incredibly responsive, and consistently kind. He genuinely cares about the people he works with, and that makes all the difference. If you’re looking for someone dependable and genuinely great to work with, I can’t recommend him and his company enough!
  
 
        
   Christopher  
 
 
 
 Trustindex verifies that the original source of the review is Google. More than anything I felt like he was trustworthy. He is a reliable guide that made making a huge decision in my life a whole lot less stressful.
  
 
        
   Nicole  
 
 
 
 Trustindex verifies that the original source of the review is Google. Whitney at Red Penny Realty was the best! Such a professional and the absolute nicest guy ever. He is a wealth of knowledge and made the home buying process seamless. 10/10 would recommend to everyone I know!
  
 
        
   Elliot  
 
 
 
 Trustindex verifies that the original source of the review is Google. The home buying and moving process is one of the most stressful processes in life. Whitney @ Red Penny Realty made it seem like a cakewalk. I couldn’t recommend using him enough. Not only did he save us from buying a terrible home, but he also found us our dream home.
  
 
        
   Pamela  
 
 
 
 Trustindex verifies that the original source of the review is Google. I can highly recommend Red Penny realty to sell your home. Whitney recently sold a house for a family member and did an excellent job!  The house sold very quickly.  He is very knowledgeable about the real estate industry, was very responsive and went the extra mile to get the house sold!
  
 
        
   Tom  
 
 
 
 Trustindex verifies that the original source of the review is Google. Whitney listed my mother’s house, and marketed the house before it was listed.  He had it sold within a few days. He was on top of everything throughout the process which all went very smoothly. We also had to deal with a solar payoff and reassignment which went well too. I would definitely use him again and highly recommend him to get the job done.
  
 
        
   S  
 
 
 
 Trustindex verifies that the original source of the review is Google. Whitney listened to what we needed / wanted and then fought for us to get the best deal possible. He made the process so easy and we are grateful for our new home!  I would recommend hiring Whitney and Red Penny Realty without hesitation! SVT
  
 
        
   Melody  
 
 
 
 Trustindex verifies that the original source of the review is Google. Whitney helped me buy a home in Desert Ridge! He did an amazing job negotiating all the details and I couldn’t be happier, I will recommend him again and again!
  
 
        
   Kelcie  
 
 
 
 Trustindex verifies that the original source of the review is Google. Whitney was amazing! He is extremely knowledgeable, got us an amazing deal on our first house, and made the process so easy for us. Definitely recommend and will be using him for any future home purchases!
  
 
        
   Tyler  
 
 
 
 Trustindex verifies that the original source of the review is Google. Whitney went above and beyond helping my wife and I find our home. He was patient and paid attention to every little detail making sure the process was perfect. He was with us during the walkthroughs and asked questions. We got the best deal, thanks again Whitney!
  
 
  
  
 
 
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