Scenario inputs
$
Down Payment
44.74% down
$
$850,000 down
$
Loan-to-Value55.3%
Low leverageLoan amount $1,050,000High leverage
%
$
$
Default estimate: 0.20% of purchase price per year.
% / yr
$/ mo
Default estimate: 0.35% of purchase price per year (about $554 / month).
Total Monthly Payment
$8,055
Funds Needed to Close
$888,000
Payment & cash breakdown
Principal & Interest$7,184.23
Est. Property Taxes$554.17
Est. Hazard Insurance$316.67
HOA / Other (monthly)$0.00
Total Monthly Payment (PITI)$8,055.06
Down Payment$850,000
Est. Closing Costs (2.0%)$38,000
Total Funds Needed to Close$888,000
Reserves Required (12 months)$96,661
Note: You do NOT have to pay your taxes and insurance monthly through escrow if waived; estimated costs are presented on a monthly basis for budgeting purposes.
Rate comparison
At $1,900,000 price and $1,050,000 loan amount.