Buying a new home is one of the most significant times in your life and the life of your family. It’s one of the largest, if the not the largest purchase you will make and it should be an exciting, happy time and not a time filled with hassles and disappointments.

You’ll be pleased to know that you’ve picked a perfect time to get a mortgage. Interest rates are at all time lows. So it’s the right time to take advantage of the many benefits of home ownership. First of all, unlike renting, owning your own home is an investment that lets you build equity with each mortgage payment you make. You can borrow against that equity to get the cash you need for home improvements, college tuition, and more. Your interest payments and real estate taxes are deductible from your state and federal income taxes. (For specific details on the tax deductions of home ownership as it pertains to you, speak with your tax advisor.)

You can use our mortgage calculator to determine what price home you can afford, how much your monthly payments and down payment could be and how long a mortgage term you should select. It’s a quick and easy way to help you find out which homes are in your price range so you can concentrate your house hunting efforts where they will do the most good.

At First Millennium Funding we are totally focused on protecting your interests and providing you with the mortgage loan that fits all your requirements. So why not take immediate advantage of these historic low interest rates and fill out our Quik Form application below or call us at 1-631-969-8800.
Mortgage Calculator
Sale Price of Home: $
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

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2 West Main Street, Bay Shore, NY 11706
...Tel. 631-969-8800 .Fax. 631-328-1612

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