Estimate your mortgage payment by taking into consideration your purchase price, down payment, interest rate, insurance, taxes, and fees.
Instructions: Please complete the form below and click “Calculate” to see your results. "Private Mortgage Insurance" is automatically calculated, depending on the amount of your Down Payment. (Hover over the field labels if you need clarification.)
Your Loan Info
Total Est. Payment:
P+I: Monthly Principal + Interest payment at the interest rate, term and loan amount you've chosen
Taxes: Monthly property taxes, equal to 1/12th the Annual Taxes amount
Insurance: Monthly Homeowner's Insurance, equal to 1/12th the Annual Insurance amount
HOA Fees: Monthly Homeowner's Assn. fees, equal to 1/12th the Annual Taxes amount
PMI: Monthly Private Mortgage Insurance, rate varies and applies for loans with less than 20% down
Disclaimer: All information deemed reliable but not guaranteed. This is not an offer to lend, and your figures will likely be different than what are shown. While the goal of this tool is to educate and inform you, it is no substitute for the advice and counsel of a real estate lending professional.
Need A Trustworthy Lender?
I’m happy to refer you to mortgage professionals in and around the Greater Mankato area that I know and trust to serve my clients well, but if you are already pre-approved through a different lender that is great too!