Initial illustrative inputs only. The disclosures below do not update when you edit the calculator and are not quotes, approvals, or a promise of savings. Rates change daily. Everything stays in your browser; we don't see or store it.
Illustrative initial selector presets:
Conventional: 6.750% interest rate · 6.750% APR · 30-year fixed · 23.036% / $150,000.00 down · 360 monthly P&I payments of $3,250.41; $501,144.57 loan; $0.00 cash-paid prepaid finance charges. Housing budget: $4,200.00.
FHA: 6.750% interest rate · 6.750% APR · 30-year fixed · 17.090% / $150,000.00 down · 360 monthly P&I payments of $4,719.99; $727,721.71 loan; $0.00 cash-paid prepaid finance charges. Housing budget: $6,000.00.
VA: 6.750% interest rate · 6.750% APR · 30-year fixed · 14.318% / $150,000.00 down · 360 monthly P&I payments of $5,822.17; $897,654.57 loan; $0.00 cash-paid prepaid finance charges. Housing budget: $7,350.00.
USDA: 6.750% interest rate · 6.750% APR · 30-year fixed · 22.387% / $150,000.00 down · 360 monthly P&I payments of $3,372.88; $520,026.00 loan; $0.00 cash-paid prepaid finance charges. Housing budget: $4,350.00.
Jumbo / Portfolio: 6.750% interest rate · 6.750% APR · 30-year fixed · 18.699% / $150,000.00 down · 360 monthly P&I payments of $4,230.13; $652,196.00 loan; $0.00 cash-paid prepaid finance charges. Housing budget: $5,400.00.
Common assumptions: first payment one month after a single advance, no balloon; $0 prepaid finance charges, points or recurring loan fees. Budget inputs: $15,000.00 gross monthly income, $900.00 monthly debts, 1.250% annual tax, 0.500% annual insurance, $0.00 monthly HOA. Ratios are planning assumptions, not approval criteria; blank take-home pay produces no comfort-target loan. MI and program fees excluded; including them changes payment/APR. Taxes, homeowners insurance, HOA and mortgage insurance excluded; actual housing obligations will be higher. Not a quote or approval; rates change daily.
Insurance is set to 0.50% a year as a placeholder, not an average or a quote. In fire-prone areas it can cost much more, so get a quote for the actual address. Mortgage insurance and program fees are excluded.
