Mortgage & financing
Plan your payment before you fall in love.
Understanding your monthly costs early makes the whole home search calmer. Use the calculator, then talk with a mortgage professional for real numbers.
What Could Your Monthly Payment Look Like?
Estimated monthly payment
$3,025
Loan amount: $360,000
- Principal & interest
- $2,275
- Property taxes
- $500
- Homeowners insurance
- $250
- HOA dues
- $0
- Total estimate
- $3,025
Estimates are for illustration only and are not a loan quote or commitment to lend. Actual payments and loan eligibility depend on credit, loan terms, taxes, insurance, and other factors. Closing costs are not included.
Financing basics
What goes into a monthly mortgage payment?
Usually principal and interest, plus property taxes and homeowners insurance. Depending on your loan and down payment, mortgage insurance and HOA dues may be added.
Why does insurance matter so much in Florida?
Homeowners and flood insurance can vary widely by location, home age and roof condition. Getting quotes early helps you budget accurately.
Is a 15-year or 30-year loan better?
A 15-year loan typically has higher payments but less total interest. A 30-year loan lowers the monthly payment. The right choice depends on your goals and budget.
Ready to look at homes? Read the buyer guide or ask Kris a question.