Calculator Input

Home Purchase Information

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Loan Details

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Additional Costs (Optional)

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Usually 0.5% - 1% if down payment is less than 20%

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Extra payment toward principal to pay off loan faster

Mortgage Calculator Tips

  • • A 20% down payment typically avoids PMI requirements
  • • Interest rates vary based on credit score and market conditions
  • • Property taxes and insurance are often escrowed with your payment
  • • Consider total monthly housing costs including utilities and maintenance
  • • Extra payments can significantly reduce total interest paid

Money-Saving Tips

  • • Shop around with multiple lenders for the best rate
  • • Consider paying points to reduce your interest rate
  • • Factor in closing costs (typically 2-5% of home price)
  • • Get pre-approved to strengthen your offer
  • • Consider the total cost of homeownership, not just the mortgage

Enter home price, down payment, and interest rate to calculate your mortgage