Change any number and the estimate updates. This covers principal, interest, property taxes, homeowner’s insurance and mortgage insurance — the whole payment, not just the part that sounds smallest.
This is an estimate, not a quote. Actual taxes, insurance and mortgage insurance vary by property and by borrower. Your real numbers come from an official Loan Estimate after you apply.
People shop by principal and interest, then get surprised at closing. Taxes and insurance are usually collected monthly with your payment, and if you put less than 20% down there is mortgage insurance on top. On a typical file those three can add several hundred dollars a month.
Seeing the whole number now is the point of this page.
Watch the mortgage insurance line drop to zero. Then move it back down and see what the difference costs per month. That single comparison answers most of the questions people bring to Ryan.
The secure application runs on Southwest Funding’s HomeHub. You can save and come back to it, and upload documents straight from your phone.