Are you looking to buy a home but aren't sure if you can handle the financial commitment? With the help of Busey Bank’s Mortgage Calculator, you can easily figure out the costs associated with taking out a mortgage for your new home.

For starters, it makes calculating your eligibility and possible loan options easy and straightforward. It takes into account important factors such as income, down payment, credit score and interest rate into consideration. That way, you can get an accurate estimate of what your monthly mortgage payments will be and how much you may need to save for a down payment.

Also, you can use the Mortgage Calculator to determine the maximum mortgage amount that you can consider (after down payment). This is based on your income and debt-to-income ratio, which will give you an idea of how much financial room you have to work with.

In addition, Busey Bank Mortgage Calculator allows you to get an idea of how much you can save by making extra payments on your mortgage. This is a great option if you are looking to pay off your mortgage early. Plus, you can determine the total interest you’ll pay over the life of the loan. With this invaluable information, you can better structure your payments and aim to pay off your loan earlier while minimizing interest costs.

Overall, Busey Bank’s Mortgage Calculator is a comprehensive tool that can help you make smart decisions when taking out a mortgage so you can get the best deal for your home. By accurate estimates, you can make more informed choices about how much home you can buy and what types of repayment plans are the most beneficial for you.