Principal & interest
The loan itself, paid down over the term you pick. A shorter term costs more each month and far less in total interest.
Mortgage calculator
See your payment before you shop.
Move the numbers around and watch the monthly payment change. It's a quick estimate, not a quote. When you want real numbers for your situation, I'll run them with you.
$
Down payment
$
%
Loan term
Your rate depends on your credit and loan
%
Taxes, insurance & fees
% per year
%
per year
$
per month
$
% per year
%
Estimated monthly payment
$0
~ estimate, 30 year fixed
- Principal & interest$0
- Property tax$0
- Home insurance$0
- Mortgage insurance$0
- HOA dues$0
Loan amount$0
Total interest$0
Paid off2056
| Year | Principal | Interest | Balance |
|---|
~ All figures are estimates for illustration only and assume a fixed-rate loan. Mortgage insurance is estimated only when the down payment is under 20%, using a typical conventional rate; FHA, VA and USDA loans price it differently. Actual rate, payment, taxes and insurance will vary with your credit, property, location and loan program. Not a commitment to lend. All loans subject to credit approval. Heath Martin, Mortgage Loan Originator, NMLS #2679799, Thrive Lending, Company NMLS #2191014. Equal Housing Opportunity.
What goes into your payment
Property tax
Alabama has some of the lowest property taxes in the country. Most homes in the Shoals run well under 1% of value per year.
Home insurance
Usually collected with your payment and paid from escrow. Your quote depends on the home, the roof and the coverage you choose.
Mortgage insurance
Only on a conventional loan with less than 20% down, and it comes off as you build equity. FHA, VA and USDA loans handle it differently.
Want numbers you can actually shop with?
A calculator gives you a ballpark. A pre-approval tells you your real rate, your real payment and how strong your offer will look to a seller. I’ll walk you through it myself.
Already own a home and need to sell it too? See how buy before you sell works.