Mortgage Calculator

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Home Price $400,000

$100,000 — $2,000,000

Down Payment 20%

$80,000 down — $320,000 loan

Interest Rate 7.0%

3.0% — 12.0% APR

Loan Term

Property Tax $3,600/yr

$500 — $15,000 annually

Home Insurance $1,200/yr

$500 — $5,000 annually

Mortgage Insurance Rate 0.85%

MI is typically required when down payment is less than 20%

Est. Monthly Payment

$2,128

Principal, interest, tax & insurance

Principal & Interest $2,129

Property Tax $300

Home Insurance $100

Mortgage Insurance $0.00 — Not Required

Loan Amount $320,000

Total Interest Paid $126,000

Total Cost of Loan $446,000

Principal 71%

Interest 21%

Tax & Ins 8%

MI 0%

Ready for Real Numbers?

These numbers are estimates.

Madison Chase Capital Advisors works with 100+ lenders to find rates lower than what you see here. Let us run your real numbers.

This calculator provides estimates only and does not constitute a loan commitment or approval. Actual rates and payments will vary based on creditworthiness, loan program, and market conditions. Tanya Blanchard NMLS #240422 | Madison Chase Capital Advisors | Powered by Edge Home Finance, LLC NMLS #891464 Mortgage Insurance estimates are based on the rate entered and may vary based on lender, loan type, and credit profile. MI requirements and rates vary by loan program.

Edge Home Finance, LLC • NMLS #891464 • 5860 Baker Road, Minnetonka, MN 55345

Equal Housing Opportunity Lender. This is not a commitment to lend. All loans subject to credit approval.

Licensed in: Georgia and Florida • NMLS Consumer Access: www.nmlsconsumeraccess.org • Licensing & Disclosures

Equal Housing Opportunity

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Amortization Schedule

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