🧠 Mortgage Wizard 3000 ✨

🏠 Mortgage Type 📉 Weekly Avg |

🧠 Using MW 3000 ✨

This isn't your average mortgage calculator- it's a powerful tool that estimates your full monthly payment, including taxes and insurance, while calculating real-time mortgage rates and showing how extra payments can save you thousands overtime.

The latest mortgage rates auto-fill, and the calculator will pull an estimated Property Tax Rate (%), but you can adjust them.

Add Extra Monthly Payments and see the savings. Get a breakdown of Principal, Interest, Taxes, Insurance, and PMI. View an Amortization Schedule and see your home equity grow over time.

💰 Save Money with Extra Payments

Adding extra to your monthly payments reduces the loan balance faster, saving you **thousands** in interest over time. See the savings calculated in the Loan Summary.

🏠 Property Tax Rate Estimate

Property tax rates vary significantly by location and can change. The estimated rate provided here is based on available data but should not be considered an official tax assessment. If the rate appears unusually low (below 0.3%, which is rare), it's probably not accurate.

For a more precise estimate, consult your local tax assessor's office or refer to your most recent property tax bill. If unsure, using 0.74% as a national average can provide a general estimate.

🛡️ Homeowner's Insurance Estimate

For a general estimate, using 0.5% of the home value ($2,000 for a $400K home) is a good rule of thumb. For adjusting, setting it between 0.3% - 0.6% of home price works well.

Mortgage Breakdown (PITI)

Principal & Interest (P&I):

Property Tax:

Homeowner's Insurance:

PMI (Private Mortgage Insurance):

Total Mo. Payment (PITI): Before PMI Falls Off

Total Mo. Payment (PITI): After PMI Falls Off

PMI Falls Off After:

Projected Home Equity & Gains

Year Home Value Principal Paid Loan Balance Estimated Net Equity

Loan Summary

First Payment Date Last Payment Date Years Until Paid Off Total Payments Total Interest Saved

Amortization Schedule

Month Principal Interest Balance