Mortgage Calculator

Calculate the monthly payment and closing costs on any home price!

Kenny Lim

Panterra Home Loans & Realty

Buyer Estimate

Enter the Home Price

Home Price

Enter the Down Payment

Down Payment

Enter the Interest Rate

Interest Rate

Enter the Term

Term Length

Years

Assumptions

Enter the Loan Type

CONV
FHA
VA

Enter the Max FHA

Enter the Max VA

Enter the Taxes

Taxes

Enter the Insurance

Insurance

Enter the HOA

HOA

Enter the Closing Date

Closing Date

Estimate based on local averages and assumptions they may not apply to you and are provided for information purpose only.

Estimated Total Payment

More info

Estimated Closing Cost

Closing Costs

Estimated Total Payment

More info

Estimated Closing Cost

Closing Costs

Estimate based on local averages and assumptions they may not apply to you and are provided for information purpose only.

Know your loans

Choosing your loan is one of the most important decisions when buying a house. There are a variety of loans and the one you choose will effect your interest rate, monthly payment, down payment and closing costs so it’s important to choose wisely. Be sure to consult your mortgage lender for more information and guidance.

Conventional
30 years

Details

- Low monthly payments that don't change

- Better for larger down payments

- Mortgage Insurance charged for down payment less than 20%

- Mortgage Insurance can be elilminated after 20% equity reached

Minimum Down Payment

Conventional
15 years

Details

- Higher monthly payments than 30 years

- Loan is paid off faster and less interest is paid

- Mortgage Insurance charged for down payment less than 20%

- Mortgage Insurance can be elilminated after 20% equity reached

Minimum Down Payment

FHA
30 years

Details

- Possible to qualify for with lower credit score

- Low down payment

- Mortgage Insurance charged upfront and monthly

- Mortgage Insurance is paid for the life of the loan

Minimum Down Payment

3.5%

VA
30 years

Details

- Only for qualified military personnel

- No down payment required

- Funding fee rolled into the loan

- No mortgage insurance charged for life of the loan

Minimum Down Payment

Want to see homes in your price range?

Bring to Close	$22604.4
Mortgage Payments	+$17679.62
Maintainence	+$17679.62
Total Out of Pocket	$41357

Prinicipal Paid	$4038.58
Appreciation	$4038.58
Tax Savings	$4038.58
Total Equity/Savings	= $12591

Out of Pocket Expenses	$4038.58
Equity/Tax Savings	$4038.58
Total Buy Costs	$28766