Mortgage Payment Calculator

Inputs (edit grey cells)

Totals update automatically as you type.

Results (auto-calculated)

Loan Amount ($)
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PMI / MIP Rate (annual)
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Monthly Principal & Interest
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Monthly Property Taxes
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Monthly Insurance
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Monthly MI / MIP
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Monthly HOA
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Estimated Total Monthly Payment
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Notes & Tips

Editing
  • Edit only the GREY INPUT cells in column B.
  • “Down Payment ($)” auto-calculates from %, but can be overwritten manually.
  • “Loan Amount ($)” updates automatically and includes any financed upfront fee (FHA, VA, USDA).
Program Rules
  • Conventional → PMI if <20% down; rate adjusts by credit score and LTV.
  • FHA → Fixed 0.55% MIP + 1.75% upfront fee (financed).
  • VA → No monthly MI; funding fee varies by first/subsequent use. *Borrowers with a VA disability rating are fully exempt.*
  • USDA → 0.35% annual fee + 1.00% upfront guarantee fee.
Minimum Down Payment & Credit Score
  • Conventional: 3% (first-time) / 5% (repeat), min. FICO 700
  • FHA: 3.5%, min. FICO 580
  • VA: 0% down, min. FICO 580
  • USDA: 0% down, min. FICO 640
Other Notes
  • FHA MIP is fixed based on loan amount.
  • Conventional PMI varies with credit score and LTV.
  • Taxes, Insurance, and HOA are entered manually for accuracy.
  • All results are ESTIMATES. Always confirm with your lender before quoting.
  • Interest rates shown are subject to current market conditions and credit approval.
Last updated: October 2025 — Smoove Realty Group Mortgage Calculator v1.4

📊 Loan Program Reference Guide

Loan Type Min. Down Min. FICO MI / MIP Type Key Notes
Conventional 3% (first-time)
5% (repeat)		 700 PMI (varies by FICO & LTV) Drops at 80% LTV.
FHA 3.50% 580 Fixed 0.55% + 1.75% upfront (financed) MIP stays for life of loan (unless refinanced).
VA 0% 580 None Funding fee varies by first/subsequent use — exempt with VA disability rating.
USDA 0% 640 0.35% annual + 1.00% upfront Income & location-restricted; fee lasts life of loan.