A clearer picture of your next step.
Try a few scenarios, then let’s put them in the context of your life. These are planning estimates, not rate quotes or preapprovals. Sample rates and costs are editable assumptions.
What might my monthly payment be?
Start with a home price, then choose the loans you’d like to explore. Adjust each down payment and interest rate to see how the pieces fit together.
Your monthly payment, side by side.
Let’s put these numbers in the context of your life.
Send me what you’re exploring, and I’ll help you review the options and prepare an accurate estimate.
Opens your email app with the inputs and payment breakdowns filled in. Review the email and press Send. Nothing is emailed automatically.
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Paste into an email to jordan@miller-mortgage.com.
How these estimates work
Conventional MI uses a 0.40% annual estimate below 20% down and $0 at 20% or more down. FHA uses a 1.75% upfront premium and an annual premium based on the base loan amount, down payment, and term. For a 30-year FHA base loan of $726,200 or less, the annual factor is 0.55% below 5% down and 0.50% at 5% or more down.
USDA guaranteed loans use a 30-year term, a 1% upfront guarantee fee and a 0.35% annual fee. VA loans have no monthly mortgage insurance; the upfront funding fee depends on use, down payment, and confirmed exemption status. Upfront fees start financed into the loan and can be changed to paid at closing.
FHA and USDA monthly premiums are first-year estimates using scheduled average balances. Premiums and escrow costs can change later. These comparisons do not calculate APR, loan limits, eligibility, discount points, other closing costs, prepaids, or total cash to close. A down payment plus an upfront fee is not your total cash to close.
FHA premium schedule · USDA fee schedule · VA funding fee details
Explore a buying-power scenario.
Choose a planning ratio and see the housing budget it leaves after other debts. A comfortable personal budget can be lower than this estimate.
Compare the first two years with a 2–1 buydown.
A temporary subsidy reduces the amount you pay in the first two years. The loan’s note rate does not change. Qualifying is based on the full note-rate payment.
What could seller credits cover?
Compare eligible upfront costs with a proposed credit. Seller credits cannot cover your down payment, and unused credit is not cash back.
Actual costs and eligibility vary. Taxes and insurance can change. Tools assume fixed-rate monthly amortization and don’t model every program fee or underwriting requirement. Seller-credit limits vary by program, occupancy, down payment, and transaction details; confirm your limit with Jordan.
Learn what goes into your total housing payment
Review My Numbers with Jordan