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Home Value: 300000 $
Down payment: 50000 $ %
Loan amount: 250000.00 $
Interest rate: 5.83 %
See Salem's Best Rates
Loan Term: 30 years
Start Date: Nov 2024
Property Tax: 2700 $/yr
PMI: 0.5 %
Home Ins: 2400 $/yr
Monthly HOA: 780 $
Loan Type: Conventional
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Buy or Refi: Buy
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any input.
$2,780.83
Initial monthly payment with PMI
$2,676.66
Payment after 35 months
$104.17
35 Monthly PMI Payments
$3,645.83
Total PMI Through Oct, 2027
$50,000.00
Down payment amount
16.67%
Down payment %
Active Duty & Military Veterans
Veterans & Military: Check Your Eligibility for 0%
Down
Oct, 2054
Loan pay-off date
$279,798.37
Total Interest Paid
$225.00
Monthly Tax Paid
$81,000.00
Total Tax Paid
$780.00
Monthly HOA fees
$280,800.00
Total HOA fees
$200.00
Monthly Homeowners Insurance
$72,000.00
Total Homeowners Insurance
$32,119.95
Annual Payment Amount
$967,244.20
Total of 360 Payments
Salem Homebuyers Can Lock In Today's
Mortgage Rates Right Now!
Own your very own piece of Salem. Lock in low rates
currently available and save for years to come! If you
secure a fixed mortgage rate your payments won't be
impacted by future rate hikes. By default we show 30-
year purchase rates for fixed-rate mortgages. You
can switch over to refinance loans using the
[Refinance] radio button. Adjustable-rate mortgage
(ARM) loans are listed as an option in the [Loan
Type] check boxes. Alternate loan durations can be
selected and results can be filtered using the [Filter
Results] button in the bottom left corner. You can
select multiple durations at the same time to compare
current rates and monthly payment amounts.
Mortgage Rates for Nov. 6, 2024
Advertiser Disclosure
Home Purchase in 97001
$300,000 with 17% Down Payment. 740-
759 Credit Score
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Veterans: 2024 VA Loans (Get a Quote)
30-Year Fixed
NMLS #1835285
APR 6.60%
RATE 6.38%
MONTHLY PAYMENT $1,602
Fees & Points: $3,438
Includes 0.875 Points ($2,188)
Next
30-Year Fixed
NMLS #264970
License #ML-3866
APR 6.96%
RATE 6.75%
MONTHLY PAYMENT $1,664
Fees & Points: $2,882
Includes 0.875 Points ($2,188)
Next
30-Year Fixed
NMLS #118653
License #MI-5046
APR 7.03%
RATE 6.88%
MONTHLY PAYMENT $1,684
Fees & Points: $1,462
Includes 0.585 Points ($1,462)
Next
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ADVERTISEMENT NMLS #1907
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Rate data provided by RateUpdate.com. Displayed by ICB,
a division of Mortgage Research Center, NMLS #1907,
Equal Housing Opportunity. Payments do not include
taxes and insurance premiums. Actual payments will be
greater with taxes and insurance included. Rate and
product details.
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INTRO DEFINE MORE
The above tool estimates monthly mortgage
payments with taxes, insurance, PMI, HOA fees &
more.
Click on the "define" & "more" tabs for a
description of each input & how they are used in
calculations.
Set an input to zero to remove it from the
calculation.
If property tax is 20 or below the calculator treats it
as an annual assessment percentage based on
the home's price. If property tax is set above 20
the calculator presumes the amount entered is the
annual assessment amount.
