This mortgage calculator is for demonstration purposes only and does not constitute a commitment for a loan. Please contact a Doorway Home Loans Mortgage Specialist for a more accurate estimate of how much you can afford.
This calculation is based upon a 1.1% property tax rate, 0.2% homeowners insurance premium, and mortgage insurance rates as of 09/01/2017.
You should compare the annual percentage rate (APR) of all mortgages you are considering, rather than just looking at the simple interest rate. The APR will more accurately reflect the cost of a loan because it factors for not just the simple interest rate, but also the discount points and other fees and charges of the loan.