Loan Amount Calculator

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Loan Information
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Monthly Payment Information
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%.
Monthly Payment Information
Payment Type Amount
Principal & Interest $ 1,290
Homeowners Insurance $ 95
Property Taxes $ 215
HOA Dues $ 0
Total Monthly Payment $ 1,600
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.