Monthly Payment Total monthly payment? $ 1600 Loan Information Down payment amount? $ 25000 Loan term (years)? 30 Interest rate? % 3 Other Payments Monthly home insurance? $ 95 Monthly property taxes? $ 215 Monthly HOA dues? $ 0 Printer-friendly version Monthly Payment Information Loan Amount Down Payment Principal & Interest Taxes, Insurance & HOA Total Monthly Payment Based on the loan information provided, your monthly payment of $1,600 will result in a loan amount of $305,974 and a total home purchase price of $330,974. Your loan-to-value on the home will be 92.45%. Chart Table Monthly Payment Information Payment Type Amount Principal & Interest $ 1,290 Homeowners Insurance $ 95 Property Taxes $ 215 HOA Dues $ 0 Total Monthly Payment $ 1,600 Submit While mortgage lenders use lending ratios, such as the percentage of a borrower's debt to their income, in deciding whether to approve a loan, a borrower's household budget may determine how much they want to spend each month on housing. That monthly payment will determine how large a loan the borrower can expect to receive based on the term of the loan, down payment and interest rate. Other monthly expenses such as insurance, taxes, and HOA dues will also factor into the calculation.