Loan Details
Property Information
Home Price
?
Home Price
The total purchase price of the home you're planning to buy, including any closing costs that may be rolled into the mortgage.
Down Payment
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Down Payment
Initial payment made when purchasing the home. Typically 3-20% of home price. Toggle between dollar amount and percentage.
$
%
20%
of home price
Loan Term (years)
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Loan Term
Length of the mortgage loan, typically 15 or 30 years. Shorter terms have higher monthly payments but lower total interest.
Interest Rate
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Interest Rate
Annual interest rate for the mortgage loan. This rate directly affects your monthly payment and total loan cost.
%
Start Date
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Start Date
When mortgage payments will begin. Typically the first day of the month following your home purchase.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Include Taxes & Costs
Property Taxes
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Property Taxes
Annual property tax rate based on home value. Typically 1-2% of home value. Toggle between percentage and dollar amount.
%
$
% / year
Home Insurance
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Home Insurance
Annual cost of homeowners insurance. Typically $1,000-$2,000 per year. Toggle between dollar amount and percentage.
$
%
/ year
PMI Insurance
?
PMI Insurance
Private Mortgage Insurance required if down payment is less than 20%. Typically 0.5-1% of loan amount annually. Toggle between dollar amount and percentage.
$
%
/ month
HOA Fees
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HOA Fees
Monthly Homeowners Association fees for condos or planned communities. Toggle between dollar amount and percentage.
$
%
/ month
Other Costs
?
Other Costs
Additional annual costs like maintenance, repairs, or utilities. Typically 1-2% of home value annually. Toggle between dollar amount and percentage.
$
%
/ year
More Options
▼
Annual Increase Rates
Property Tax Increase
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Property Tax Increase
Annual percentage increase in property taxes. Typically 2-3% per year due to inflation and property value appreciation.
% / year
Home Insurance Increase
?
Home Insurance Increase
Annual percentage increase in home insurance costs. Typically 3-4% per year due to inflation and rebuilding costs.
% / year
HOA Fee Increase
?
HOA Fee Increase
Annual percentage increase in HOA fees. Typically 2-4% per year due to inflation and maintenance costs.
% / year
Other Costs Increase
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Other Costs Increase
Annual percentage increase in other home costs like maintenance and utilities. Typically 3% per year due to inflation.
% / year
Extra Payments
Extra Monthly Payment
?
Extra Monthly Payment
Additional payment made each month to pay off loan faster and reduce total interest paid.
Extra Yearly Payment
?
Extra Yearly Payment
Additional payment made once per year, such as from tax refunds or bonuses.
Extra One-time Payment
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Extra One-time Payment
Single additional payment at a specific date to reduce principal balance.
One-time Payment Date
?
One-time Payment Date
Date when the extra one-time payment will be made to reduce your mortgage balance.
Apr
Jan
Feb
Mar
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Calculate Mortgage
Reset to Defaults
Monthly Payment
$1,953.68
Principal & Interest
$2,486.35
Total Monthly Payment
Payment Breakdown
Mortgage Summary
Mortgage Payments
$703,324.80
Property Tax
$144,000.00
Home Insurance
$45,000.00
Other Costs
$120,000.00
Total Interest
$303,324.80
Mortgage Payoff Date
Jan 2056
Total Out-of-Pocket
$1,012,324.80
Payment Timeline
Balance
Interest
Payment
Amortization Schedule
Yearly
Monthly
Year
Date
Interest
Principal
Ending Balance
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