Loan amount is based on the term of the loan, down payment, interest rate and more. It's also important to keep in mind how variables like home insurance, HOA fees and property taxes come into play as well.
Loan Amount Calculator
Loan Amount Calculator
Loan Amount |
Down Payment |
Principal & Interest |
Taxes, Insurance & HOA |
Total Monthly Payment |
|---|---|---|---|---|
| $ 305,974 | $ 25,000 | $ 1,290 | $ 310 | $ 1,600 |
Based on the loan information provided, your monthly payment of $1,600 will result in a loan amount of $305,974 and a total home purchase price of $330,974. Your loan-to-value on the home will be 92.44%.
| Payment Type | Amount |
|---|---|
| Principal & Interest | $ 1,290 |
| Homeowners Insurance | $ 95 |
| Property Taxes | $ 215 |
| HOA Dues | $ 0 |
| Total Monthly Payment | $ 1,600 |
