Our calculator gives you a great breakdown of your mortgage including taxes and interest rate. Enter your purchase price, loan term, down-payment amount or.
This calculator assumes a conventional loan offered by Fannie Mae or Freddie Mac. However, conventional is not the best loan type for everyone. Also check out other calculators by The Mortgage.
The perks of FHA loans include lower down payment (only 3.5%) than traditional conventional loans, more lenient credit standards, and very competitive interest rates. USDA Loans If you meet USDA requirements, finding a better mortgage option than a USDA loan will prove a challenge.