Your home is worth $ With a down payment of $ (%) which you'll pay up front, you need to take out a loan for $.

Each month, you'll pay approximately $ to pay for the mortgage on your home as well as other expenses such as property taxes and home insurance.

For more information on what makes up your monthly payment, click on the different sections of the chart.

Principal & Interest

Principal refers to the initial amount borrowed from the lender, which gradually decreases as the loan is repaid over time, while Interest is the cost charged by the lender for borrowing the principal, calculated as a percentage of the remaining balance. Together, these make up the portion of your monthly payment that goes towards paying off your mortgage.

Taxes

Property Taxes are recurring fees imposed by local governments on real estate properties based on their assessed value. They fund public services like schools, infrastructure maintenance, and emergency services within the community.

Home Insurance

Home Insurance is a financial product that provides coverage for losses and damages to a person's residence and its contents. It typically includes protection against perils such as fire, theft, and liability for accidents that occur on the property.