Mortgage Calculator
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How is my monthly payment calculated?
| Principal & interest | $ | |
| Homeowner's insurance | + | $ |
| Property tax | + | $ |
| HOA fees | + | $ |
| Loan Term | 15 Year Fixed | 30 Year Fixed | 5/1 ARM |
|---|---|---|---|
| Risk tolerance | Low | Low | High |
| Principal and interest | Fixed payments | Fixed payments | Variable payments after 5th year |
| Recommended homeowner's duration | 15 years | 30 years | 5 years |
| Monthly payment | High | Low | Low |
| Equity | High | Low | High |