Smart loans. Brighter tomorrows.
Mortgage Calculator
Plan with confidence. Explore your options. See what’s possible.
Conventional Loan Calculator
Adjust the details below to see your estimated monthly payment.
Additional costs & insurance assumptions
Assumes a fully documented purchase, one-unit primary residence and fixed rate. Conventional PMI uses the selected representative score, borrower count, DTI and property type; the default is one borrower, DTI of 45% or less and a site-built home. Other occupancy, refinance, special affordable-program coverage and premium plans require a quoted MI factor. DTI selections estimate premiums; they do not establish eligibility. Taxes and insurance are your estimates.
Estimated Monthly Payment
Based on your inputs for a Conventional loan.
- Principal & interest
- $2,401.86
- Property taxes
- $700.00
- Homeowners insurance
- $300.00
- Estimated mortgage insurance
- $167.83
- HOA
- $75.00
Estimated APR: 7.182%
Assumes $2,400 lender fees + 2% discount points, paid at closing. Includes applicable program fees and estimated mortgage insurance. Appraisal is excluded from APR.
Illustrative estimate only. Not a live rate quote.
Selected costs include origination, points, appraisal and any upfront program fee paid in cash. They exclude down payment, other settlement charges, prepaid interest and escrows; this is not total cash to close.
About this estimate
- Enact rate-card PMI estimate: 0.53% annual premium; 30% standard coverage. This is not a live risk-based quote or program eligibility determination.
Sources, data dates & calculation details
Conventional PMI uses Enact BPMI Monthly — Fixed, effective June 22, 2023, updated July 17, 2025 (00460.0725), linked from Enact Rate360 when checked October 9, 2026. This is a calculator estimate, not a live Enact risk-based quote. Standard coverage follows Fannie Mae B7-1-02: above 20 years, 12/25/30/35%; up to 20 years, 6/12/25/35%, across LTV bands above 80/85/90/95%. Standard manufactured homes use 12/25/30% coverage at any term and need a quote above 95% LTV. Monthly PMI equals base loan × annual premium percentage ÷ 1,200, rounded to cents. Enact’s multiple-borrower, DTI and manufactured-home adjustments apply. The 600–619 score row requires multiple borrowers under Enact’s stated primary-residence purchase/rate-term assumptions. State-specific MI rules and insurer eligibility require lender review. A quoted MI factor overrides the estimate. PMI cancellation is not modeled in the principal-and-interest amortization schedule.
FHA uses HUD Mortgagee Letter 2023-05; the annual MIP table uses a $726,200 base-loan breakpoint. Monthly FHA MIP is approximated using the original base balance; actual declining-balance billing will differ. VA uses the VA purchase funding-fee schedule. USDA uses FY 2027 fees (October 1, 2026–September 30, 2027): 1% upfront and 0.35% annually. Financed USDA fees are calculated on the total loan; the first-year monthly fee uses average scheduled balances. Government fees and MI require confirmation for your closing date.
Interest rates are editable assumptions, not offers. Estimated APR uses equal monthly periods, a first payment one month after funding, no lender credits and no odd-days prepaid interest. Points are 2.75% for FHA, VA and USDA, and 2% for other products, on the total note amount; origination and points are paid in cash. Financed upfront program fees are included once as finance charges. Conventional PMI assumes scheduled termination at 78% of original property value or the loan midpoint, whichever comes first; no early cancellation or appreciation is assumed. FHA MIP uses approximate monthly average balances for 11 years at LTV of 90% or less, otherwise for the term. USDA annual fees use annual average scheduled balances. Jumbo quoted MI uses the same illustrative termination assumption and requires lender confirmation. Appraisal assumes a bona fide, reasonable $700 charge and is excluded from APR. This estimate is not a Loan Estimate or Closing Disclosure APR. Down payment and upfront fees do not represent total cash to close. Actual closing costs, prepaid items, reserves, credits, eligibility and approval require lender review. RedZone originates consumer-purpose residential loans in Texas. Program loan amounts and eligibility are reviewed with the lender; this calculator does not check county limits or approve financing.