Resources · Buyer Tools
What will your monthly payment actually be?
Every figure below is editable — swap in the rate your lender quoted you and the taxes for the specific county. The defaults are set to typical Charlotte-area figures so you can see a realistic starting point.
20.0% of the price
Effective annual rate on the home's value
Per year
Per month — leave at 0 if there's no HOA
Estimated monthly payment
$2,427
What goes into a monthly payment
Principal & interest
The loan itself. Early payments go mostly to interest — the balance shifts over time, which is why the amortization schedule matters more than the sticker price.
Property taxes
Collected monthly into escrow and paid annually by your lender. Your specific county sets the rate, and it can change after a reassessment.
Homeowners insurance
Required by virtually every lender. Coastal properties often carry a separate wind or flood policy on top of the standard one.
PMI, HOA, and the rest
PMI applies under 20% down. HOA dues vary wildly — and a low monthly figure can hide a special assessment down the road.
Have questions about your own numbers?
These tools are a starting point. When you're ready, we'll walk through what actually fits your situation — no pressure, no obligation.