HOW TO CALCULATE
Input your expected loan amount. For example, if you are purchasing a $400,000 with a 20% down conventional loan, you would be borrowing $320,000.
Input your ideal Interest Rate. Keep in mind the better your credit score the better the rate you may qualify for.
Most mortgages are for a 30 year period.
Input any Mortgage Insurance, keep in mind this is only for loans with less than 20% down payment.
Input your monthly Hazard Insurance payment, divide the annual premium provided by your insurance carrier by 12.
Input your monthly County Tax payment, divide your total annual property tax amount by 12.
The total monthly payment result will be displayed in the yellow box below.