Mortgage Calculator
Results
Explanation of Terms
- Principal: The amount borrowed to purchase the home.
- Interest: The cost of borrowing the principal amount.
- PMI: Private Mortgage Insurance, usually required if your down payment is less than 20%.
- Property Tax: Annual taxes based on your property value (entered as a percent of the home price or a fixed dollar amount).
- Home Insurance: The annual cost to insure the home.
- HOA Fees: Monthly fees for the homeowners association, if applicable.
Disclaimer:
The information provided by this calculator is computer-generated and intended for general guidance only. The results are approximate, based on certain assumptions, and should not be considered a substitute for professional financial advice.
Users are strongly advised to obtain a formal quote directly from their lender and independently verify all calculations before making any financial decisions. While we strive for accuracy, we do not accept liability for any errors, omissions, or reliance on the generated results.
