Calculator
The whole payment, not just the loan part.
Most calculators quote principal and interest and stop there, which is how people end up surprised by a payment that is hundreds of dollars higher than the one they planned around. This one includes taxes, insurance, mortgage insurance and HOA by default.
Your scenario
$190,000 down · 80.0% loan-to-value
$10,450 per year
Per year
Per month
Estimated monthly payment
$5,639
$760,000 loan at 6.125% over 30 years · 80.0% LTV
- Principal & interest
- $4,618
- Property tax
- $871
- Insurance
- $150
- Total monthly
- $5,639
Total interest over 30 years
$902,422
Mortgage insurance
Not required
Balance over time
30-year term
Estimates only. Mortgage insurance is modelled at 0.55% of the loan amount annually and assumed to terminate at 78% loan-to-value under the Homeowners Protection Act; your actual premium and removal date depend on program, credit and lender. Taxes and insurance are estimates, not quotes. This is not a commitment to lend.
Reading the result
What this tells you, and what it cannot.
The payment is the constraint, not the price
Qualifying runs off your monthly obligations against income. Two homes at the same price can produce very different payments once taxes, HOA and insurance land.
Mortgage insurance is temporary
It is not a permanent tax on putting less than 20% down. The model shows when it falls away, which often changes whether a smaller down payment is the better call.
Total interest is the number to compare terms on
Switch between 30, 20 and 15 years and watch that figure rather than the monthly. It is where the actual cost of the decision shows up.
Taxes and insurance here are estimates
Real property tax depends on assessed value, local rates and any special assessments. Insurance depends on the property and carrier. Both should be verified before you rely on them.