Get a Purchase Pre-Approval Letter!
If you’re serious about purchasing a home, you’ll find that you will need a pre-approval letter. You can start that process right now and it should only take a few minutes!
Check out what your monthly payment could be by using our general Mortgage Repayment Calculator…
Our mortgage Calculator are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Principal & Interest (P&I)
$
PMI
$
Taxes & HOA
$
Homeowners Insurance
$
Purchase Price
$
Down Payment
$
Total Loan Amount
$
PMI
The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.
Estimated Payment
$ /mo
Loan amount
$
Down payment
$
Interest rate
Loan term
Taxes & insurance included?
Property tax
Homeowner's insurance
$
Mortgage insurance
$
HOA dues
$
Payment Breakdown
Amortization
Principal vs. Interest
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan.
Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
- Principal payments: $$240,000 (the amount borrowed)
- Interest payments: $$297,554 (the cost of borrowing)
Get started by using one of our FREE tools!
Does Refinancing Make Sense For You?
It only takes a few minutes to check!
Get a Purchase Pre-Approval Letter!
If you’re serious about purchasing a home, you’ll find that you will need a pre-approval letter. You can start that process right now and it should only take a few minutes!
Does Refinancing Make Sense For You?
It only takes a few minutes to check!
