This calculator provides estimates only and is not a commitment to lend. Actual loan terms depend on credit qualification and lender review. Key assumptions:
- Results assume a credit score of 740 or higher. Lower scores may result in higher rates or may not qualify.
- Estimated payments cover principal & interest, mortgage insurance, and HOA only. Property taxes and insurance are not impounded or included.
- Mortgage insurance (MI) applies when the down payment is less than 20% of the purchase price; the rate depends on loan-to-value.
- HOA dues for condos/townhomes are estimated at $400/month. Actual dues vary by community.
- Rate shown is for illustrative purposes only and subject to change without notice.
- Debt-to-income calculations use a maximum DTI of 50%. Other debts and obligations may affect qualification.
- Estimates follow statewide California lending guidelines. Programs and limits vary by state.