Free Buyer Tool

HOME LOAN
CALCULATOR

Calculate your true monthly payment — not just principal and interest, but the full PITI: property taxes, homeowners insurance, HOA, and PMI. Supports Conventional, FHA, VA, and USDA loans with a complete amortization schedule and term comparison.

What This Calculator Does
✓ Full PITI — principal, interest, taxes, insurance, HOA
✓ PMI tracking with automatic 80% LTV removal
✓ Conventional, FHA (MIP), VA, and USDA loan types
✓ Linked down payment % ↔ $ fields that sync live
✓ Auto-estimates property tax and insurance from home price
✓ Full amortization schedule — every payment, every month
✓ 15yr vs. 30yr term comparison with interest savings
✓ Extra payment impact — see months saved instantly
✓ Downloadable branded PDF report
Free · No Account · No Obligation · Data Never Shared
How to Use Each Tab
📊
Tab 01
Summary

Enter your loan type, home price, down payment, interest rate, term, taxes, insurance, and HOA. Your full PITI updates as you type.

📅
Tab 02
Schedule

See every monthly payment broken down into principal, interest, PMI, and running balance. Expand to view all months for the full loan term.

⚖
Tab 03
Compare

See your loan side-by-side against a 15-year and 30-year alternative. Try different extra payments to see how many months you can knock off.

📧
Tab 04
Send

Enter your name and email to send a full loan summary directly to the Desert Wolf team, or download a branded PDF report to keep.

Key Concepts — Know Before You Calculate
PITI — Your True Monthly Cost

Most online calculators only show P&I — principal and interest. Your real monthly payment also includes property taxes (T), homeowners insurance (I), and if applicable, HOA dues and PMI. This calculator shows every component so there are no surprises at closing.

PMI — What It Is & When It Ends

Private Mortgage Insurance is required when your down payment is below 20% on a conventional loan. It protects the lender, not you — and it adds $100–$300+/mo to your payment. The good news: PMI automatically cancels once your loan balance reaches 80% of the home value. This calculator tracks that for you.

FHA vs. Conventional vs. VA

Conventional loans require 3–20% down, good credit. FHA allows 3.5% down with lower credit scores but carries an MIP of 0.55%/yr for the loan's life. VA loans are 0% down with no PMI for veterans. USDA is 0% down for eligible rural areas. This calculator models each type accurately.

15yr vs. 30yr — The Real Difference

On a $350K loan at 7.5%, a 30-year costs roughly $469,000 in interest vs. a 15-year at roughly $197,000 — a difference of $272K. The monthly payment is higher on a 15-year, but the total cost of ownership is dramatically lower. The Compare tab shows this side by side for your exact numbers.

Extra Payments — Small Numbers, Big Impact

Adding even $200/mo extra to a 30-year loan can shave 5–7 years off your payoff and save tens of thousands in interest. Every extra dollar goes directly to principal, which reduces the balance that future interest is calculated on. Use the Compare tab to test different extra payment amounts and see the savings in real time.

We Help Investors Finance Their Flips

If you're buying a flip or investment property, this tool gives you the conventional loan picture. For hard money and bridge loan modeling, use our Flip Calculator. Jesus sources hard money loans across his lender network — rates, points, and timelines before you commit.

Open Flip Calculator →
Loan Type Quick Reference
Conventional
Min Down 3%
Min Credit 620+
PMI / MIP Below 20% down
Upfront Fee None
Best For Strong credit, 20%+ down
FHA
Min Down 3.5%
Min Credit 580+
PMI / MIP MIP whole life (0.55%/yr)
Upfront Fee 1.75% upfront
Best For Lower credit, first-time buyers
VA Loan
Min Down 0%
Min Credit No min
PMI / MIP None — ever
Upfront Fee Funding fee (waived for disabled)
Best For Veterans, active duty, surviving spouses
USDA
Min Down 0%
Min Credit 640+
PMI / MIP Annual MIP 0.35%/yr
Upfront Fee 1% upfront guarantee fee
Best For Rural/suburban, income limits apply
Start Your Analysis

CALCULATE YOUR
TRUE MONTHLY COST

Fill in the Summary tab first — your PITI updates as you type. Then explore the Schedule and Compare tabs for the full picture. When you're done, download the PDF or send it directly to our team.

Loan Type
Home & Loan Details
$
%
%
$
Monthly Cost Inputs
$
$
$
%
$
%
Loan Start Date
Total Monthly Payment (PITI)
$0.00
$0.00
P&I
$0.00
Tax
$0.00
Insurance
$0.00
PMI/MIP
$0
Loan Amount
$0
Total Interest
$0
Total Cost
0y 0m
Payoff
Full Payment Breakdown
Home Price$0
Down Payment (0.0%)$0
Loan Amount$0
Closing Costs (3%)$0
Monthly P&I$0.00
Monthly Tax$0.00
Monthly Insurance$0.00
PMI / MIP$0.00
Total Monthly PITI$0.00
Total Interest Paid$0
Total Cost of Loan$0
⚠ PMI Active — Down Payment Below 20%
PMI of $0.00/mo cancels automatically at 80% LTV. Put $0 down to avoid PMI entirely.
Ready to Move Forward?

WE BUILD, FINANCE,
AND LIST YOUR HOME.

Desert Wolf handles construction, renovation, and ADU additions with our KB-2 license. Jesus sources financing across his lender network. Juan lists your property for a flat $1,500 — not 3%. Whether you're buying, building, or selling, we've got all three phases covered under one roof.

🔨 KB-2 Licensed GC — ROC #364568
🏦 Hard Money & Conventional Sourcing
🏷️ $1,500 Flat Listing Fee
Talk to Our Team → Open Flip Calculator → (602) 386-6623