- Enter a purchase amount that’s $2,000,000 or less.
- The down payment must be lower than the home price.
Please fix the following items to continue:
PAYMENT BREAKDOWN
Principal and interest
This is based on the loan amount (the home price minus your down payment), interest rate and term length you entered.
Property tax
This is an estimate, based on the home price you entered. Property tax is calculated by your local government on the value of the property you own, including the land.
Homeowner’s insurance
This is an estimate, based on the home price you entered. You can change it if you have a specific value.
Private mortgage insurance (PMI)
If your down payment is less than 20% of the home’s purchase price, your lender may require you to purchase private mortgage insurance for a conventional loan.