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.
Example only (Initial purchase inputs): $680,000.00 loan; $170,000.00 down; 30-year fixed; 6.750% interest rate, 6.750% APR; $0.00 cash-paid prepaid finance charges (no discount points); 360 monthly P&I payments of about $4,410.47, no balloon; first payment in one month. No mortgage insurance assumed; taxes, property insurance and HOA excluded; actual payment higher. Not a quote/approval; rates change daily; your rate, APR and terms will differ.
Initial housing-cost assumptions: $850,000.00 price; 1.250% annual property tax, 0.500% annual homeowners insurance, $0.00 monthly HOA. These are planning placeholders, not property-specific quotes. Mortgage insurance is $0 at the initial 20% down payment.
Illustrative FHA selector preset, other initial inputs unchanged: $850,000.00 price; 20% ($170,000.00) down; $680,000.00 base loan / amount financed + $11,900.00 financed upfront MIP (1.750%) = $691,900.00 note; 6.750% interest / 7.280% APR; 30-year fixed; $0 other finance charges or points. Repayment: 360 monthly P&I payments of $4,487.65, plus monthly MIP in months 1–132, none thereafter. MIP recalculated each 12 months: annual average scheduled beginning balance × 0.500% ÷ 1.0175 ÷ 12, using HUD cent-rounding; $281.97 monthly in year 1, $239.01 in year 11. First payment one month after a single advance; no balloon. Browser MIP is only an initial base-balance approximation, not this declining schedule. Conventional 0.750% PMI is inactive at initial 20% down. Taxes, homeowners insurance and HOA excluded; actual housing obligations are 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.
