Monthly Payment Calculator
Calculate Your Costs Conventional
Estimated Cash to Close:
$12,936
Monthly Payment Breakkdown
Loan Payment:
$1,458.27
Property Tax:
$300.00
Home Insurance:
$300.00
HOA Fees:
$0.00
Conventional Monthly Payment Calculator
Use this Mortgage Calculator to estimate your monthly mortgage payment, including taxes and insurance.
🏠 Conventional Monthly Payment Calculator
📊 Loan Details
📋 Monthly Expenses
✓ No PMI required
ESTIMATED MONTHLY PAYMENT
$2,083.03
Payment Breakdown
Principal & Interest:
$1,759.03
Property Tax:
$237.00
Home Insurance:
$87.00
HOA Fees:
$0.00
Mortgage Insurance:
$0.00
✓ No Monthly Mortgage Insurance (PMI)
📌 Loan Summary
Home Price:
$300,000
Down Payment:
$10,500 (3.5%)
Loan Amount:
$289,500
Interest Rate:
6.125%
Loan Term:
30 Years
Total Monthly Housing Payment
$2,083.03
First Payment Breakdown:
Principal: $147.75 | Interest: $1,611.28
FHA Monthly Payment Calculator
Use this FHA Monthly Payment Calculator to estimate your monthly mortgage payment, including taxes and insurance.
🏡 FHA Monthly Payment Calculator
📊 Loan Details
FHA minimum 3.5%
🏛️ FHA Mortgage Insurance Premium
Standard 0.55% for >15yr loans
FHA annual MIP is divided by 12 and added to your monthly payment. Upfront MIP (1.75%) is typically financed into the loan and not part of monthly payment.
📋 Monthly Expenses
ESTIMATED MONTHLY PAYMENT
$2,215.72
Payment Breakdown
Principal & Interest:
$1,759.03
Property Tax:
$237.00
Home Insurance:
$87.00
HOA Fees:
$0.00
FHA MIP (Annual 0.55%):
$132.69
✓ Includes FHA Mortgage Insurance Premium at 0.55% annually
📌 FHA Loan Summary
Home Price:
$300,000
Down Payment:
$10,500 (3.5%)
Loan Amount:
$289,500
Interest Rate:
6.125%
Annual MIP:
0.55%
Monthly MIP:
$132.69
Total Monthly FHA Payment
$2,215.72
Upfront MIP (1.75%): $5,066.25 is typically financed into the loan amount and NOT included in this monthly payment calculation.
First Payment Breakdown:
Principal: $147.75 | Interest: $1,611.28 | MIP: $132.69
VA Monthly Payment Calculator
Use this VA Monthly Payment Calculator to estimate your monthly mortgage payment, including taxes and insurance.
🎖️ VA Monthly Payment Calculator
📊 Loan Details
VA allows 0% down
🎖️ VA Loan Benefits
No monthly mortgage insurance
Competitive interest rates
0% down payment option
No prepayment penalties
VA Funding Fee: Not included in monthly payment. Typically 1.25% - 3.3% of loan amount, can be financed or paid at closing. Disabled veterans may be exempt.
📋 Monthly Expenses
✓ No MIP on VA loans
VA Loan Eligibility: Available to veterans, active-duty service members, and surviving spouses. This calculator shows monthly payment without the VA funding fee, which is typically paid at closing or financed.
ESTIMATED MONTHLY PAYMENT
$1,789.86
Payment Breakdown
Principal & Interest:
$1,465.86
Property Tax:
$237.00
Home Insurance:
$87.00
HOA Fees:
$0.00
Mortgage Insurance:
$0.00
✓
VA Loan Benefit: No monthly mortgage insurance required
📌 VA Loan Summary
Home Price:
$250,000
Down Payment:
$8,750 (3.5%)
Loan Amount:
$241,250
Interest Rate:
6.125%
Loan Term:
30 Years
Total Monthly VA Payment
$1,789.86
VA Funding Fee (Not in Monthly Payment)
The VA funding fee is a one-time cost that can be:
- Paid at closing - Typical for first-time use: 1.25% - 2.15%
- Financed into the loan - Added to principal balance
- Exempt - Disabled veterans may qualify for exemption
Example: 1.25% fee on $241,250 = $3,015.63 (if not exempt)
First Payment Breakdown:
Principal: $235.61 | Interest: $1,230.25
Calculate payments for Conventional, Non-QM, and Hard Equity Loans.
Whether you have pristine credit or are looking for home loans for bad credit, knowing your monthly obligation is step one. Use this tool to run scenarios for different loan amounts, interest rates, and terms to see what fits your budget.