Mortgage Calculator
Calculate your monthly mortgage payment and see how different factors affect your loan
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Understanding Your Mortgage Payment
Principal & Interest
The principal is the amount you borrow, and interest is what the lender charges for the loan. Together, they make up the core of your monthly payment.
Property Taxes
Annual property taxes are typically included in your monthly payment and held in escrow by your lender to pay when due.
Homeowners Insurance
Required by lenders to protect your home from damage. Premiums are usually paid monthly through your mortgage payment.
PMI (Private Mortgage Insurance)
If your down payment is less than 20%, you'll likely need PMI. This protects the lender if you default on the loan.
Ready to Get Pre-Approved?
Use this calculator to estimate your payments, then contact us to get pre-approved and start your home buying journey.