Monthly Payment $0.00
(payment includes $0.00 in insurance and $0.00 in taxes.)

About the Mortgage Calculator

This calculator is meant to give you a baseline for your potential mortgage payment, including principal, interest, property taxes and homeowner’s insurance.  There are other factors that might apply to your specific mortgage needs.  Such as HOA fees, PMI or MIP.  For your specific payment and budget, we recommend you speak to one of our agents. This will ensure that all factors in calculating your mortgage payment are considered and discussed.

Key Terms

Frequently Asked Questions

The amount of cash that is necessary depends on a number of items.  Generally speaking, though, you will need to supply:

  • Earnest money: the depsosit that is supplied when you make an offer on the house.
  • Down payment: a percentage of the cost of the home that is due at settlement.
  • Closing costs: costs associated with the processing of paperwork to purchase or refinance a home.

Generally speaking, you can purchase a home with a value of two or three times your annual household income.  however, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing/able to make.  you may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value.  Give us a call, and we can help you determine exactly how much you can afford.

FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.

  • Low down payments
  • Low closing costs
  • Easy credit qualifying

Give us a call at (909) 654-5838 or check out Hud’s website to see if an FHA loan is right for you.


Private Mortgage Insurance (PMI) is only added to your payment if you are planning to put less than 20% down. For example, if your loan-to-value is going to be 85% or 90% (over 80%), you can expect to have PMI added to your payment.  You can contact us to get PMI removed once your loan balance is less than or equal to 80% of the home value. 

Actual PMI is based on your loan-to-value (LTV), credit score and debt-to-income (DTI) ratio.