Bravo

Mortgage Payment Calculator

HOME VALUE:

DOWN PAYMENT:

$ %

Loan Term:

INTEREST RATE (%):

Credit Score:

Property Tax Rate (%):

Homeowner Insurance Rate (%):

Monthly HOA ($):

Estimated Monthly Payment: $0

Breakdown:

PMI
$0
Mortgage Insurance
$0
Taxes & HOA
$0
Principal & Interest (P&I)
$0

Estimated Taxes & Insurance: Property taxes are generally 1.2% of the home’s value, but may vary. Homeowners insurance is typically 0.35%. These values can change based on your area.

Annual MIP: Based on loan size, term, and down payment. Usually 0.45% to 1.05% annually. Added to monthly payment.

Upfront MIP: Standard FHA charge is 1.75% of base loan. Added to total loan and financed. Exemptions are rare.