Sources verified · May 18, 2026

What would this home cost each month in year 1?

Estimate principal and interest, taxes, insurance, HOA, maintenance, mortgage insurance, front-end DTI, back-end DTI, and loan-type benchmark bands from visible assumptions.

New here? See it work with example numbers:

Purchase and loan

Used for conventional PMI tiers; FHA MIP uses planning defaults.

%
%

User-entered; Freddie Mac PMMS is reference context.

yrs
Year-1 carrying costs
%

Default 1.1% from national effective-rate context.

%

Default 1.5% of home value annually.

Mortgage insurance defaults
%

Disclosed separately for FHA; not financed or included in DTI in v1.

%

Planning default; actual FHA MIP can vary.

Income and debts

Recurring monthly debt outside the modeled housing cost.

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What this tool does and doesn’t do

  • Does: purchase price and loan terms, year-1 recurring housing cost, conventional PMI derived from credit score and down-payment tiers, FHA annual MIP, FHA upfront MIP disclosure, front-end DTI, back-end DTI, loan-type confidence bands, benchmark notes, assumptions, and source metadata for conventional and FHA scenarios.
  • Doesn’t yet: loan approval, underwriting, credit eligibility, reserves, employment history, property eligibility, lender overlays, compensating factors, VA or USDA loan programs, lender-specific PMI quotes, closing costs, points, rate buydowns, ARM resets, or changes after year 1.
  • This is an affordability screen built from the numbers entered in the form. It is not a loan approval or underwriting decision.