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Mortgage Calculator

Loan Amount $:
Term in Years:
Interest Rate:

Did You Know?

Adjustable Rate vs Fixed Rate

Adjustable Rate Mortgage (ARM) loans are typically available at a lower rate than fixed rate loans because the rate will be adjusted at predetermined intervals over the life of the loan.

An ARM may be a good choice if you do not intend to be in a home for several years or if you believe rates will not be rising soon or if you anticipate a significant financial event in the relative short term. We can assist you in determining if an ARM loan is best for your circumstances.

LendRight

We are LendRIGHT™ Lenders. We represent the top 3% of community lenders in the U.S. We carry the LendRIGHT™ seal because we know that the mortgage process is all about you. We know the RIGHT way to do business is to put your needs first. View our Pledge to you...

American Mortgage Service Company is LendRIGHT member


First Time Home Buyer

Buying your first home is an exciting time but can also be an intimidating or anxious experience.  At American Mortgage, we specialize in assisting first-time homebuyers and will be with you every step of the way.

Some things to consider when preparing to buy your first home: 

Indiana Housing & Community Development Authority (IHCDA)


The Indiana Housing & Community Development Authority (IHCDA) is proud to have made the process of buying a home a reality for thousands of families, offering programs that assist with making down payments, getting low interest rate loans and even special programs for families that live in rural areas.  IHCDA programs may be used with FHA, USDA, or VA financing.

Household income limits and price limits apply. American Mortgage is proud to be a participating lender with IHCDA.

Inquire Now ->

Kentucky Housing Corporation (KHC)


The Kentucky Housing Corporation (KHC) provides purchase financing funds for qualified buyers in Kentucky for those who have not owned their own home in the most recent three years and/or who buy in defined, Target Areas.  

KHC’s program provides opportunities for down payment assistance and/or below-market interest rates and may be used with FHA, USDA, VA or conventional loans.  KHC’s Mortgage Credit Certificate program (MCC) may also be available for eligible borrowers.

Household income limits and price limits apply. American Mortgage was KHC’s first delegated lender and has been the top lender with KHC for years.

Inquire Now ->

Ohio Housing Finance Agency (OHFA)


The Ohio Housing Finance Agency (OHFA) provides purchase financing funds for qualified buyers in Ohio who have not owned their own home in the most recent three years or who buy in defined, Target Areas, or eligible veterans.

OHFA’s program provides opportunities for down payment assistance and/or below-market interest rates and may be used with FHA, USDA, VA or conventional loans.  OHFA’s Mortgage Credit Certificate program (MCC) may also be available in lieu of down payment assistance or financing for the same eligible borrowers.

Household income limits and price limits apply. American Mortgage has been a leading participating lender with OHFA for decades.

Inquire Now ->

Tennessee Housing Development Authority (THDA)


Tennessee Housing Develpoment Authority Logo

The Tennessee Housing Development Authority (THDA) provides purchase financing funds for qualified buyers in Tennessee who have not owned their own home in the most recent three years or who buy in defined, Target Areas.

THDA’s program provides opportunities for down payment assistance and/or below-market interest rates and may be used with FHA, USDA, VA or conventional loans.

Household income limits and price limits apply. American Mortgage is proud to be a leading participating lender with THDA.

Inquire Now ->