Simple Mortgage Calculator
Understand Your Mortgage Components
Annual Insurance
Protects your home against risks like fire or theft; included in monthly escrow.
Annual Taxes
Local property taxes divided into monthly payments.
Monthly HOA
Fees for community amenities and maintenance.
Principal & Interest
Core loan repayment and interest charges.
Hazard Insurance
Required by lenders to protect against property damage.
Mortgage Insurance (PMI)
Applies if down payment < 20%; protects lender in case of default.