NMLS ID# 1712030
This calculator does not include Taxes, Homeowners and Mortgage Insurance, as those are specific to the property. Those are paid into an escrow account monthly with the Principal and Interest monthly payment combined.
Conventional loans can be used for your primary residence, second home, or an investment property. Monthly mortgage insurance is required if the down payment is less than 20% of the purchase price of the home. If you have a good credit score and large down payment, a conventional loan could be the best option for you.*