Use the Mortgage Calculator as a quick reference. Your actual loan results may vary, but should be very close to the results provided by the Mortgage Calculator.

Interest Rate - The annual rate that the borrower pays for the use of loaned money. This rate fluctuates daily.

Points - Amortgage expense imposed on a loan. The Mortgage Calculator does not consider points.

Private Mortgage Insurance (PMI) - This is an annual insurance policy imposed if 20% of the home is not owned by the borrower. The Mortgage Calculator will provide a "WARNING" in red at the bottom if this insurance may become applicable. PMI rates range from 1.5% - 6.0% of the loan.

Taxes and Insurance - Both can be escrowed (added into the loan payment) into the loan. Ask your Realtor and/or Loan Officer for rates.