Calculate PITI and determine what buyers can afford
The annual percentage rate affects your monthly payment and total interest paid over the loan term
Different loan programs have varying requirements and benefits
AI Coach Reminders: Not backed by the government. They follow Fannie Mae/Freddie Mac guidelines. Best for people with 620+ credit scores and 5% or more down payment. If you put down less than 20%, you pay PMI.
Property taxes vary by location and affect your monthly housing payment (PITI)
Private Mortgage Insurance protects lenders when down payment is less than 20%
Auto-applied if LTV > 80%
Community Development District fees, common in Florida master-planned communities. Paid in addition to property taxes.
Schedule defaults to Monthly. Switch to match how the bill arrives.
Your total monthly income before taxes - determines how much house you can afford
Principal, Interest, Taxes & Insurance