Why the calculator helps buyers
This estimator breaks out principal & interest, property taxes, homeowner’s insurance, HOA, and PMI (if your down payment is under 20%), so you can compare 30-year vs. 15-year terms or evaluate how a bigger down payment changes your monthly cost.
How to use it
- Home price & down payment: try a few down-payment options to see how your monthly total changes.
- Interest rate: plug in today’s averages using Freddie Mac PMMS or compare lender quotes.
- Property tax & insurance: use realistic local assumptions. For long-term trends, review the FHFA House Price Index.
- PMI: if your down payment is below 20%, the calculator includes a placeholder PMI line; ask lenders for exact numbers.
Next steps: get pre-approved
Once the numbers feel right, connect for local guidance and lender intros. Anna will help you refine numbers, align neighborhoods with your budget, and schedule tours.
Disclaimer: this calculator is for estimates only and is not financial advice. Final figures depend on your lender and loan terms.