Are you looking to purchase or refinance a home in the Fairhaven, MA or surrounding areas of Massachusetts and Rhode Island, but need help determining your budget? When it comes to purchasing a home, the mortgage payment is one of the most significant expenses that you will have to consider. This is why it is essential to have a good understanding of what you can afford before entering into any home-buying negotiations. This calculator is a great "self-help" tool you can use to determine a monthly mortgage payment that works for you and ensure that you don't take on more debt than your family can handle.
Comprehensive Mortgage Calculator
Enter or slide to choose the home purchase price.
Adjust the down payment amount in $1,000 increments or type a value.
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Slide from 3.5% to 5%, then in 5% increments, or type a custom percent.
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Select or type the annual interest rate for the loan.
Select the loan term duration.
Common Homebuyer Scenarios
Choose a preset scenario to auto-fill common parameters.
Mortgage Breakdown
Loan Amount
Base loan plus any financed FHA upfront MIP.
$0
Total Monthly Payment
Principal, interest, taxes, insurance, and PMI/MIP.
$0
Principal & Interest
Monthly mortgage payment (principal + interest).
$0
Homeowners Insurance Estimate
Based on average Bristol County, MA premiums.
$0
Real Estate Tax Estimate
Using the average Bristol County, MA property tax rate.
$0
PMI / MIP Estimate
FHA MIP or conventional PMI depending on your scenario.
This mortgage calculator is made available to you as a self-help tool only and is not
intended to provide investment advice. We cannot guarantee the applicability or accuracy
in regards to your individual circumstances or the amounts you type in. All examples are
hypothetical and are for illustrative purposes only. We encourage you get an official
Loan Estimate from a licensed loan officer at Onshore Mortgage, LLC. before choosing a
loan or locking a rate.
Massachusetts Mortgage Calculator - Definitions
Property Value
Down Payment
Mortgage Amount
Interest Rate
Amortization Period
PMI / Year
Payment Frequency
Start Month & Year
One-Time Expenses
Property Taxes / Year
Home Insurance / Year
HOA Fee / Month
* This mortgage calculator is made available to you as a self-help tool only and is not intended to provide investment advice. We cannot guarantee the applicability or accuracy in regards to your individual circumstances or the amounts you type in. All examples are hypothetical and are for illustrative purposes only. We encourage you get an official Loan Estimate from a licensed loan officer at Onshore Mortgage, LLC. before choosing a loan or locking a rate.
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