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NARANJO REAL ESTATE LLC / Naranjo's Montura Ranch

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Cell 305-632-7616
Fax 305-668-2336
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Mortgage Calculator

The chart below shows mortgage information for 435 South Arboleda @ Montura Ranch.

Return to 435 South Arboleda @ Montura Ranch.

Purchase & Financing Information
Sale Price of Home:	(In Dollars)
Percentage Down:	%
Length of Mortgage:	years
Annual Interest Rate:	%
Explain Calculations:	Show me the calculations and amortization
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Mortgage Payment Information
Down Payment:	$6,500.00
Amount Financed:	$58,500.00
Monthly Payment:	$369.76 (Principal & Interest ONLY)
	Since you are putting LESS than 20% down, you will need to pay PMI (Private Mortgage Insurance), which tends to be about $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $32.17 to your monthly payment.
Monthly Payment:	$401.93 (Principal & Interest, and PMI)
	This section accounts for property taxes and HOA fees. The estimates annual taxes for your property are $863.00. This would mean that your monthly residential taxes will be around $71.92. Your property has monthly HOA (Home Owner's Assocication) fees of $0.00 that increase your monthly payment.
TOTAL Monthly Payment:	$473.85 (including PMI, HOA Fees, residential tax)

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the property taxes, HOA fees, and their effect on the total monthly mortgage payment.