Mortgage calculators

​​Some tips when using an online mortgage calculator to estimate a monthly payment

For a more accurate estimate it's always better to contact us to discuss your personal

scenario and the factors that can affect your monthly payment

 

• Nearly all lenders use 1.25% of the sales price to estimate property taxes on a California home purchase.  Each county property tax district will have different factors used to calculate annual property taxes--see my article on property tax tips for more info.

• Home insurance can also vary based on property location and amenities like home size, age, construction type, roof age, etc.  Urban subdivision homes will typically have a much lower annual home insurance premium compared to a home located in a higher fire risk area like the California foothills or mountains.​  Always seek a quote from a licensed insurance agent ASAP to dial in an annual home insurance premium.

• Conventional PMI can also vary based on a home buyer's credit score, down payment, debt ratio and property type.  Any amount listed here is an estimate and can be lower or higher based on your unique qualifying criteria.