Mortgage Payment Calculator

How much will your monthly mortgage payments be?

Use this mortgage calculator to estimate your monthly mortgage payments, including estimates for taxes, insurance, and PMI.

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Your monthly payment will be:

  • Monthly Payment
  • Principal & Interest:  
  • Property Taxes:  
  • Homeowner's Insurance:  
  • HOA dues:  
  • PMI:  

Mortgage Options

30 Years Fixed
Sebonic Financial (534)
APR
3.524%
Interest Rate
3.250%
Mo. Payment
$1,056
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $225,000
Lock Period 30 Days
Down Payment $25,000
Principal and Interest Payments $980
Estimated Mortgage Insurance Payments $76
Total Monthly Mortgage Payment $1,056
Lender Fees $2,465
Lender Credit $0
Total Closing Fees* $2,465
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Lender Reviews

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)

Great Rate, very flexible

Yes, I recommend this lender

I found Sebonic from an online mortgage comparison site. They were the lowest rate, so I gave them a call. Great rates, and very helpful people. I was able to change the terms of my loan just 1 week before closing... and I still closed on time. They require escrow for loans under 80% LTV. If you can hit that, it's a .125 point fee to discharge. Very reasonable. I wholeheartedly recommend Sebonic for anyone looking for a great rate.

By: Zachary (Houston, TX)

Great Experience

Yes, I recommend this lender

I had the best refinance experience ever with Sebonic Financial. John Ruskin is very patient and reliable. It would be even better if the customer is informed by the first handler of the loan before moving to next handler ( something like introducing the next handler by the first handler; not by introducing the next handler by herself/ himself). I would use Sebonic again when I need to get a loan or refinance in future.

By: Michael (Rancho Cucamonga, CA)
See All Reviews
15 Years Fixed
Sebonic Financial (534)
APR
2.701%
Interest Rate
2.375%
Mo. Payment
$1,527
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $225,000
Lock Period 30 Days
Down Payment $25,000
Principal and Interest Payments $1,488
Estimated Mortgage Insurance Payments $39
Total Monthly Mortgage Payment $1,527
Lender Fees $4,002
Lender Credit $0
Total Closing Fees* $4,002
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Lender Reviews

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)

Great Rate, very flexible

Yes, I recommend this lender

I found Sebonic from an online mortgage comparison site. They were the lowest rate, so I gave them a call. Great rates, and very helpful people. I was able to change the terms of my loan just 1 week before closing... and I still closed on time. They require escrow for loans under 80% LTV. If you can hit that, it's a .125 point fee to discharge. Very reasonable. I wholeheartedly recommend Sebonic for anyone looking for a great rate.

By: Zachary (Houston, TX)

Great Experience

Yes, I recommend this lender

I had the best refinance experience ever with Sebonic Financial. John Ruskin is very patient and reliable. It would be even better if the customer is informed by the first handler of the loan before moving to next handler ( something like introducing the next handler by the first handler; not by introducing the next handler by herself/ himself). I would use Sebonic again when I need to get a loan or refinance in future.

By: Michael (Rancho Cucamonga, CA)
See All Reviews

Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

How To Use Mortgage Calculator

How much does that house cost? There are many ways to answer that question -- in terms of its actual price, its performance as an investment, the way it affects its owner's lifestyle -- all of these are valid ways of evaluating the cost of property. However, when many people ask how much a home costs, they're referring to its monthly payment. This mortgage calculator is designed to provide that information.

Mortgage Payment Calculator: PITI

"Mortgage payment" carries several meanings. To a consumer, it might mean the principal and interest that is remitted to a lender each month. To an underwriter, it means the principal, interest, property taxes and homeowners insurance (or HOA dues for condominium buyers, which usually covers insurance). This calculator provides an estimate of the PITI, so the user can see how a lender will evaluate their potential house payment when approving or declining a loan application.

Mortgage Loan Calculator: Basic Inputs

To get an easy and basic payment estimate, users only need to input the home's purchase price, the expected down payment and an interest rate (real-time interest rates based on the borrowers credit, location and loan-to-value can be found on the mortgage rate calculator, LendingTree's LoanExplorer), and they'll get an estimated house payment. The chart on the right side of the screen shows how the payment was calculated -- see the example below:

The property taxes, homeowner's insurance and mortgage insurance are all calculated automatically. But what if the user knows the taxes are different, or what if he or she has a quote for home insurance? The calculator can be fine-tuned.

Tuning the Mortgage Estimator for Better Results

By clicking on the link labeled Assumptions, a user can include exact amounts for insurance, HOA dues, or property tax rates, getting a more accurate amount -- the way mortgage underwriters do when they calculate applicants' debt-to-income ratios.

One of the most important assumptions is the loan term. Consumers can see how changing the term of the loan alters its payment, and they can see what they'd need to pay if they want to retire their mortgage early. For example, if a buyer would like to take a 30-year loan to keep the required monthly payment low, but really wants to pay the loan off in 20 years, he or she could enter 20 years in the term field -- that's the payment that would retire the mortgage in 20 years.

Checking the box labeled "Include Private Mortgage Insurance" causes the calculator to include a monthly amount if the down payment or home equity is less than 20 percent. Users should leave this unchecked if they, the lender or the seller are buying single premium coverage by paying a lump sum. Users can also play with different down payment amounts, seeing how they impact the cost of mortgage insurance. This amount is an estimate, however. In addition to the loan-to-value, mortgage insurers base their premiums on the applicant's credit rating, the property use and type-- and those parameters are not part of this calculator's inputs.

Mortgage Calculator Limitations

Mortgage calculators only return answers that are as good as the data they're "fed." That means they won't reflect parameters that are unknown to the users. For example, if a property has a special assessment, the cost won't be reflected in a calculator. If the loan is adjustable and has a rate that can change over time, the adjusted payments won't show up. If the borrower's inputting mortgage rates that are unavailable to applicants with his or her credit rating, the results won't be very helpful.

For this reason, it's best to use more than one tool. LoanExplorer, for example, lets a home buyer put in a location, down payment, credit rating, VA eligibility and other factors and it delivers a more accurate mortgage rate and payment -- with a breakdown of the loan costs and a monthly payment. Using that rate in this mortgage payment calculator delivers a more accurate result -- a "real" rate and payment with the addition of estimated taxes, insurance and mortgage insurance (if applicable).

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