Looking for a payment on a conventional loan with 5% down? This is the spot to find the payment!
Also note, if you’re looking at getting pre-approved or would like a free rate quote, please use the form to the right of this blog post and we can crunch numbers for you!
To calculate a payment, you’ll need:
- Annual Taxes (often found on the assessor’s website or in the listing details of a property)
- Annual Homeowners Insurance (we generally estimate $700/year)
- Sales Price of the Home
- Potential Down Payment (keep in mind, this calculator is set up for loans with at least 20% down, for conventional loans *with* PMI, please reach out to me for a custom rate quote and payment quote as they tend to vary).
Use this widget below to help you calculate your mortgage payment! And again, if you’d like a custom rate quote, please use the form to the right and we’ll get back with you quickly!
CAUTION: Since I didn’t personally create this mortgage calculator, I know that there is a small flaw. The payment may vary based on credit score and property location (mortgage insurance can change)… But, this is intended to give an accurate estimate.
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