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816-876-7601 First-time home buyer specialist · Kansas City, Missouri

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What will my monthly mortgage payment be?

Enter a price and down payment to see a full monthly estimate: principal and interest, property taxes, homeowners insurance, HOA, and PMI.

The default numbers are examples only, not today's rates or a quote. Replace them with your own.

Estimated monthly payment

$0
Principal & interest
Property taxes
Homeowners insurance
HOA
PMI / mortgage insurance
Loan amount

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Estimates only. This is not a loan offer, rate quote, or pre-approval. FHA loans use a mortgage insurance premium (MIP) instead of PMI, plus an upfront premium. VA loans have a funding fee instead. Your lender's Loan Estimate is the number to trust.

How to use this calculator

  1. Start with a monthly number you are comfortable with, then adjust the price until the total fits.
  2. Use real taxes. Pull the tax bill for a specific house. Property taxes vary by location.
  3. Get an insurance quote early. It is one of the most commonly underestimated costs.
  4. Remember cash to close. The down payment shown here does not include closing costs, inspections, or the appraisal. See how much you need to buy your first home.

Frequently asked questions

What is included in a monthly mortgage payment?

Usually principal and interest, property taxes, homeowners insurance, and mortgage insurance if you put down less than 20%. HOA dues are paid separately but belong in your budget.

How accurate is this mortgage calculator?

It is an estimate. Your real rate, taxes, insurance quote, and mortgage insurance come from your lender and insurer. Use it to set a comfortable range, then get pre-approved.

How do I estimate property taxes for a home in Clay County?

Look up the current tax bill for the specific property or a similar nearby home, then divide by 12. Taxes vary by location and assessed value, so I pull the actual bill when we look at a house.

Does an FHA loan have PMI?

FHA loans have their own mortgage insurance premium (MIP) instead of PMI. For FHA loans endorsed on or after March 20, 2023, the yearly premium lasts 11 years if you put 10% or more down. With less than 10% down, it lasts the life of the loan.

Buying your first home? Let's talk it through.

No pressure and nothing to sign on the first call. Just a straight conversation about your timeline, your budget, and the kind of home you want.

Talk with Danny Take the Buyer Readiness Score Call or text 816-876-7601