If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great …
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Calculator Use Tips:
For loan principal & interest payment only, leave property tax and property insurance fields blank.
To calculate CA property taxes & insurance on home purchases, use 1.25% of the purchase price for annual property taxes; use 0.30% of the loan amount for annual homeowner’s insurance estimate.
PMI (private mortgage insurance) applies to Conventional loans with less than 20% down. Ask me for the correct PMI value for your requested loan program and terms. For most loans, use 0%.
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Top 7 Mistakes Homeowners Make When Selling a Home (And How To Avoid Them.)