Mortgage Calculator


Chetty Builders is one of the premier home builders in PA. Our commitment to complete customer satisfaction is one reason we’re so well-regarded in our industry. We believe our obligation to our customers begins long before you sign a sale agreement. It also lasts long after the house is complete. Chetty Builders wants to make it as easy and carefree as possible to purchase one of our new build homes, or one of our  quick move in homes. Why not use our handy mortgage calculator to determine your monthly payments on the new home of your dreams?

How Mortgages Work

home builders in PAMortgages are amortized. That means that you borrow a set sum of money, and the repayment plan calculates your payment based on the term of the loan. A thirty-year, fixed-rate loan is the most common way to finance new homes. That means that your loan will be broken into 360 identical payments. Amortization means that the balance of principal and interest changes from month to month, but the loan payment pays the same. The amount of principal applied to your balance increases as you make payments. At the same time, your interest payment decreases. Every payment you make can increase the amount of equity you have in your home. That’s a solid, sensible way to increase household net worth.

Different Terms Can Save Money

Chetty home builders in PA are proud of the affordability of the houses they construct. We use smart strategies to build our homes faster, without skimping on materials or workmanship. That means you get more house for your money.

Another way to get more house for your money is through smart financing. If you can manage the payments, you can choose a 15-year term on your mortgage instead of 30 years. While the payment number will be higher every month, slicing the term of the loan in half saves big money.

A 15-year loan is amortized in half the time, so the amount applied to your principal is much larger, much faster. It’s a great way to build equity.

An Accurate Picture

home builders in PAOur handy mortgage calculator also includes entries for taxes, insurance, and Private Mortgage Insurance (PMI). These numbers will vary, depending on factors like the location of the house, its sale price, and other details. Chetty builders are home builders in PA and DE. That makes it easy to determine tax rates with a quick online search.

Banks and other lenders don’t always require PMI. If you place a substantial amount of money down on your home, and have good credit, it probably won’t be necessary.

Help Is Always Available

Chetty Builders has already helped hundreds of customers to realize their dream of owning new homes in Delaware and eastern Pennsylvania. We’d be happy to help you, too. If you have any questions about financing your home, or any other aspect of buying a new home, contact us for a fast, friendly answer.



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“All throughout the home-buying experience Chetty’s realty expert was flexible and accommodating to our timeline and needs, and found ways to make our home-to-be even more affordable. In all, we expect to be here for quite a long time. We have finally found a home to grow old in!” Ben and Jess Mountz
“The house is beautiful and we greatly appreciate your attention to detail as well as the personal attention you gave us. It really turned out to be a rewarding experience for us and we will certainly recommend your product to anyone we know in the market.” Heather Crowell
“Carl Chetty is an excellent builder and personally monitored the progress of our house construction by being at the site every day early in the morning. Carl and his staff’s attention to detail and focus on getting things done right is incredible.” Saleem Shaik
“We were thrilled when we finally walked into our new Chetty Builders home! We love the design and open sense of space that our Alexander model home affords us, and the construction is solid, with attention to detail. It almost makes us never want to leave!”
Ben and Jess Mountz
“We looked at many other homes from several different builders prior to selecting our floorplan with Chetty. We really feel that our home compares favorably with other new constructions in the area that were priced considerably higher than ours. Overall, we thought we got great value in addition to getting great quality.” Nate TenHuisen
“We have lived in our new home for over 9 months now and over all we are extremely happy with Chetty Builders and would highly recommend them.”
Saleem Shaik
“Please know how helpful Chris and Ron were. You really have a great team that puts out a great product.” Heather Crowell
“In comparison to what else is out there in new construction, I am most impressed with the quality of home delivered by Chetty Builders. Not only are the materials used by Carl Chetty top notch, but the overall process of buying our home was as enjoyable and stress-free as we see possible.”
Peter Lustgarten