Is the Egan Financial mortgage calculator a rate quote?

No. It starts at HousingWire’s latest 30-year conventional average so the box is not empty. You can change it. A live price needs credit, the property, and investor review.

What is included in a mortgage payment?

Principal and interest is the loan itself. Most people also pay property tax and homeowners insurance into an escrow account each month. If you put less than 20 percent down on a conventional loan, there is PMI. FHA has monthly MIP. VA does not have monthly MIP. HOA dues sit on top if the property has them.

What loan programs can I model?

Conventional with illustrative PMI below 20 percent down, FHA with the current 1.75 percent upfront MIP plus annual MIP, and VA with no monthly MIP and the published funding-fee schedule. Confirm FHA at hud.gov and VA at va.gov.

What interest rate should I use?

The slider starts at today’s HousingWire 30-year conventional print so you have a real market number, not a made-up one. Your file may price better or worse. Move the slider to see the range.

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Egan Financial Group LLC · NMLS 2647764

How much would my mortgage payment be?

Type the purchase price, down payment, taxes, insurance, and HOA. The rate starts at HousingWire’s published 30-year conventional average and updates when that print updates. Change it. Conventional, FHA, or VA. This is an estimate, not a lock.

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Your estimate

Estimated total monthly

$4,693

That is the payment on a $525,000 purchase with 10.0% down ($52,500), a 30-year conventional loan, and the 6.890% rate you entered. Principal and interest is $3,109. Property tax is about $809 a month from the tax rate you typed. Homeowners insurance is $150. HOA is $420. Estimated PMI is $205. You can change any number on the left. This is an estimate, not a quote from Egan Financial Group LLC.

You typed the rate. This is not a lock or a commitment to lend.

Principal & interest$3,109
Property tax$809
Insurance$150
HOA$420
Estimated PMI$205

Loan amount: $472,500
LTV: 90.0%
P&I: $3,109
Conforming room: $360,250

Scheduled interest over 30 years: $646,641. Add extra principal to see the cut.

Same rate, 15-year P&I would be $4,218 (not including tax, insurance, HOA, or MI).

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Amortization

Year-by-year principal and interest

Extra principal is applied after the scheduled P&I each month. PMI, tax, insurance, and HOA are not in this table — they sit in the monthly total above.

30 years to payoff · interest $646,641

Egan Financial Group LLC NMLS 2647764. Worksheet only. Conventional PMI, FHA MIP, and the VA funding fee shown here are published-schedule estimates, not a locked premium. Confirm FHA MIP at hud.gov and the VA funding fee at va.gov. Taxes, insurance, and HOA are the figures you entered. Loans are subject to credit, property, and investor approval.

Estimated monthly

$4,693

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What this number is telling you

The big figure is principal, interest, tax, insurance, HOA, and mortgage insurance added together. Lenders call that the housing payment. It is not “what the bank quoted me.” It is a worksheet so you can see how the pieces move when you change the price, the down payment, or the rate.

How much would my mortgage payment be?: Enter the purchase price, down payment, rate, taxes, insurance, and HOA. The calculator adds principal and interest, then the other monthly costs. The rate starts at HousingWire’s latest 30-year conventional average. Change it. The number is an estimate, not a quote from Egan Financial Group LLC.
Is the Egan Financial mortgage calculator a rate quote?: No. It starts at HousingWire’s latest 30-year conventional average so the box is not empty. You can change it. A live price needs credit, the property, and investor review.
What is included in a mortgage payment?: Principal and interest is the loan itself. Most people also pay property tax and homeowners insurance into an escrow account each month. If you put less than 20 percent down on a conventional loan, there is PMI. FHA has monthly MIP. VA does not have monthly MIP. HOA dues sit on top if the property has them.
What loan programs can I model?: Conventional with illustrative PMI below 20 percent down, FHA with the current 1.75 percent upfront MIP plus annual MIP, and VA with no monthly MIP and the published funding-fee schedule. Confirm FHA at hud.gov and VA at va.gov.
What interest rate should I use?: The slider starts at today’s HousingWire 30-year conventional print so you have a real market number, not a made-up one. Your file may price better or worse. Move the slider to see the range.