I suggest to the buyers I am working with, to consult with a lender/bank/mortgage provider/credit union, etc, to get preapproved. They will check your credit score, which has a strong influence for what interest rate they will charge you on your home loan. They will also determine if you want a 15 year, 30 year loan, or something else, which will also have a bearing on your monthly payments. The lender will be able to present you with a list of options, and discuss which may be the best for your situation. Hope this helps.