Homi cost check · United States

US mortgage calculator

See the payment, cash to close, and ongoing ownership costs together—then test how the same home feels at a higher rate.

Assumptions reviewed July 10, 2026Sources and assumptions are visible
Estimated monthly cost

$4,053

/ month
Principal & interest · $2,423Ownership costs · $1,631

Planning estimate ready

Loan programs and underwriting vary. Use this to compare homes and request a lender estimate before making an offer.

Starting cash target

$27,000

$13,500 estimated closing costs

Estimated loan

$373,500

Loan-to-value 83.0%

At the higher-rate scenario

$4,569

8.75% rate

Closing costs

$13,500

3% assumption

First-month interest$2,101
First-month principal$322
HOA / co-op dues$250
Tax, insurance & maintenance$975
Estimated PMI$156

This is a planning estimate, not a loan approval or personal financial advice.

Compare homes in Homi

Start with the home

Enter the price and available cash. Homi applies cash to closing costs first, then the purchase price.

USD

Your financing

Use the effective rate and the cash you expect to have available at closing.

USD
USD/yr
USD
%
years

Ongoing monthly costs

USD/mo
USD/mo
What the result covers

A cost check for the home you are actually considering

Cash to close, not just down payment

Closing costs are separated from the cash that actually reduces the loan.

A fuller monthly estimate

Taxes, insurance, HOA dues, maintenance, fixed costs, and PMI sit beside the loan.

Rate sensitivity built in

Compare the payment at your entered rate with a deliberately higher-rate scenario.

Method and sources

How Homi calculates the estimate

The estimate applies your available cash to closing costs first and the purchase price second. It then combines principal and interest with taxes, insurance, HOA dues, maintenance, other fixed costs, and PMI when the estimated loan-to-value is above 80%. Lending programs and local costs vary, so this is a planning estimate rather than an approval decision.

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Explained

Mortgage calculator questions

What does the monthly estimate include?+

It includes principal and interest, property taxes, homeowners insurance, HOA dues, maintenance, other fixed costs, and estimated PMI when the loan-to-value is above 80%.

Why is cash to close higher than the down payment?+

Cash to close can include lender fees, title and settlement costs, prepaid taxes and insurance, and other local charges in addition to the down payment. This calculator uses the closing-cost percentage you enter.

Does this show how much a lender will approve?+

No. US underwriting depends on the loan program, credit, debt-to-income ratio, reserves, property, state, and lender. Homi shows a planning estimate and rate sensitivity, not an approval.

When does PMI apply?+

Many conventional loans require private mortgage insurance when the loan-to-value is above 80%, though rules and pricing vary. You can adjust the PMI assumption in advanced costs.

From estimate to search

Compare the real monthly cost of the homes on your shortlist

Start a search in Homi

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