Mortgage
Estimated monthly principal + interest: $2,781
Formula: fixed-rate principal and interest using the entered price, down payment, annual interest rate, and term. Taxes, insurance, mortgage insurance, and fees are excluded.
Tools
Change the assumptions to explore a scenario. These estimates are educational only and do not include every tax, fee, insurance cost, loan term, or property-specific expense.
Estimated monthly principal + interest: $2,781
Formula: fixed-rate principal and interest using the entered price, down payment, annual interest rate, and term. Taxes, insurance, mortgage insurance, and fees are excluded.
Estimated max monthly housing payment: $3,900
Assumption: total monthly debt plus housing is limited to 36% of gross monthly income. A lender may use different inputs and limits.
Estimated proceeds after 9% selling costs: $271,500
Assumption: selling costs equal 9% of the entered sale price. Actual commissions, transfer taxes, legal fees, credits, repairs, and payoff amounts vary.