Loan amount
$640,000
What you'll pay each month.
Your full monthly payment (principal, interest, taxes, insurance, HOA and PMI) with state-based defaults for California, Colorado and Florida. The numbers update as you change any input.
Your inputs
Updates live
Home price
$800,000
$
Down payment
$160,000 · 20%
Loan term
Interest rate
6.625%
% APR
ZIP code
CA · tax 1.10% · ins $1,200/yr
› Advanced: property tax, insurance, HOA, PMI
Property tax
1.10% / yr
% / yr
Insurance
$1,200/yr
$
HOA / monthly
$0/mo
$
PMI rate (if < 20% down)
0.60% / yr
% / yr
Tax + insurance defaults are estimates by state and ZIP. Real numbers vary by property, and we'll confirm them during pre-approval.
Estimated monthly
$4,931/ mo
Loan $640,000 · 30-yr fixed · 6.625%
Principal & interest$4,098
Property tax$733
Insurance$100
HOA$0
Total interest
$835,276
Total paid
$1,775,276
Your equity, over time
principal + appreciation (3%/yr assumed)
Your equity
Loan balance
Amortization schedule · yearly ›
| Year | Interest | Principal | Balance |
|---|
Questions buyers ask us most.
What's in my monthly payment? +
Five things, sometimes six: principal, interest, property tax, homeowner's insurance, and HOA dues if your property has them. The sixth is PMI, which applies when your down payment is under 20%. Together that's called PITI (or PITIA with HOA). Calculators that only show principal and interest can understate the real payment by 20–40%, so we show all of it.
When does PMI fall off? +
On a conventional loan, automatically at 78% LTV based on the original schedule, and you can request removal at 80% with documentation. FHA loans work differently: MIP often lasts for the life of the loan. We'll walk through this in your specific scenario.
Why is California property tax 1.1% in this calculator? +
That's the effective statewide average. Prop 13 caps the base rate at 1%, then most counties add voter-approved bonds and Mello-Roos in newer developments, which puts most homes around 1.05–1.25%. We use 1.1% as a working estimate and confirm with the actual tax bill during pre-approval.
What's the Florida insurance number based on? +
Florida insurance is the least predictable part of the payment. A coastal county home can easily run $4–8K+/yr; inland is closer to $2K. We default to a conservative coastal estimate and confirm with a quote from a licensed FL carrier before closing.
Should I put 20% down or use that cash for something else? +
It depends on your situation. Going below 20% adds PMI (about 0.4–1.0% a year depending on credit), but keeps cash free for reserves, renovations or a stronger offer. We can model both so you can see the dollar difference.
Continue exploring
Affordability
How much house can I afford?
Work backward from your income and debts. See the price range that keeps your DTI in the green.
DSCR · InvestorWill this rental cash flow?
For investors. Live DSCR, cap rate and the non-QM programs a property qualifies for.
RefinanceIs it worth refinancing?
Break-even math that includes closing costs and the cost of restarting your loan term.
Estimates only. Not a commitment to lend or an offer of credit. Actual rates, fees, and terms depend on your full financial profile and the property. Buku Lending, Inc. · NMLS 2113850 · CA-CFL 60DBO-135330. Licensed in CA, CO, FL. Equal Housing Opportunity.
At 80% LTV on a conforming loan, you avoid PMI and should qualify for the best pricing tier. The next thing I'd do is check whether another lender can beat this rate.