Principal, interest, taxes, insurance, HOA, and PMI - broken down line by line. Adjust the inputs, see what the file actually looks like. The math is real; the rates and tax estimates are starting points.
Principal, interest, taxes, insurance, HOA, and PMI - broken down line by line. Toggle between purchase and refinance scenarios, conventional and FHA loan types. The calculator handles the math; we'll handle the rest when you're ready.
FHA loans include an upfront MIP of 1.75% of the loan amount (financed into the loan), plus an annual MIP of 0.55% of the loan balance (paid monthly). These are applied automatically.
This is an estimate, not an offer. The math is real, but the rate is what you tell it; the actual rate on your file depends on credit, loan-to-value, property type, occupancy, and lock timing. Property tax estimates vary widely by jurisdiction - your county assessor or our loan officer can give you the real figure. PMI applies on conventional loans with less than 20% down; rates vary by loan type and FICO. Run the math, then talk to a loan officer for the real number.
A high-level view of how your payments split between principal and interest at four points in the loan. Early years are interest-heavy; later years build equity faster. The numbers below assume the loan runs to term - most don’t.
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| End of Year 1 | $4,180 | $21,358 | $395,820 |
| End of Year 5 | $23,765 | $103,894 | $376,235 |
| End of Year 10 | $55,452 | $200,002 | $344,548 |
| End of Year 30 | $400,000 | $366,121 | $0 |
This calculator gives you a clear picture of the monthly mechanics. The actual rate on your file depends on credit, loan-to-value, property type, occupancy, and lock timing - none of which a calculator can see. PMI rates vary by loan type and FICO. Property tax estimates vary widely by county; your county assessor (or our loan officer) has the real figure.
Run the math, then talk to a loan officer for the real number.
A calculator is a starting point. A loan officer is how you find out what rate, fees, and qualification a real underwriter will sign off on. Twenty minutes on the phone, your file, real numbers - the kind you can plan against.
