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719.694.1207

Payment Calculator

Mortgage Estimator Tool




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Mortgage Details


Private mortgage insurance typically costs between 0.5% to 1% of the entire loan amount on an annual basis.
Expect to pay $35 a month per $100,000 in home value.

Your Monthly Payment
$2,064
Find Out If You Qualify
Payment Breakdown
$2,064


Principal & Interest
$1,282



Taxes
$563



Mortgage Insurance
$45



Home Owners Insurance
$75



HOA
$100


Monthly Payment Estimates
by interest rate


Purchase Price Loan Amount 6.00% 6.25% 6.50% 6.75% 7.00% 7.25%
$225,000 $213,750 $2,064 $2,098 $2,133 $2,168 $2,204 $2,240
$235,000 $223,250 $2,148 $2,184 $2,220 $2,257 $2,294 $2,332
$245,000 $232,750 $2,231 $2,269 $2,307 $2,346 $2,384 $2,424
$255,000 $242,250 $2,315 $2,355 $2,394 $2,434 $2,475 $2,516
$265,000 $251,750 $2,399 $2,440 $2,481 $2,523 $2,565 $2,607
$275,000 $261,250 $2,483 $2,525 $2,568 $2,611 $2,655 $2,699
$285,000 $270,750 $2,567 $2,611 $2,655 $2,700 $2,745 $2,791
Cost of Waiting $44 $88 $133 $178 $224
*Cost of waiting estimates are based on the percentage (%) down entered into the calculator.



Yearly Cost of Waiting
$225,000


  • $432
  • $528
  • $1,056
  • $1,596
  • $2,136
  • $2,688




Life of the Loan Cost of Waiting
$225,000


  • $12,960
  • $15,840
  • $31,680
  • $47,880
  • $64,080
  • $80,640




*Cost of waiting estimates are based on the percentage (%) down entered into the calculator.
Disclosure: Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. All loans are subject to approval and credit terms may vary.

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Joey Hansen | Loan Officer | NMLS 96996
jhansen@groupmortgagellc.com | Phone: 719.694.1207 | Cell: 719.621.2248 | eFax: 866.585.6551
6760 Corporate Drive, Suite 320 | Colorado Springs, CO 80919 | Branch NMLS 1949566

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