Mortgage Calculator







Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

How to calculate your mortgage payments


Duval Home Buyers mortgage calculator makes calculating your mortgage and affordability easy! Here’s how to use it!


First head to the space labeled “Purchase Price” and enter the price of the home you are buying, or the value of the home you are refinancing.


Next select the “Mortgage Term” from the dropdown menu. Most mortgages will be either 15 or 30 year terms, but 10 and 20 year mortgages are also available from some lenders.


Then select your “Down Payment” amount. This is the amount of cash you’ll pay up front. You can enter a percentage or a dollar figure. Please note that most conventional mortgages require at least 3% down, and some may require as much as 20% to avoid paying additional insurance.


Next enter your expected “Annual Taxes”. For most properties this is around 1%, but you can check to see the current taxes on the property through your local property tax office for a better estimate.


Then select the “Interest Rate” you expect to pay. Our calculator uses an average rate, but rates fluctuate daily, so be sure to check out today’s rates for your best mortgage estimate.


Finally enter amounts for “Annual Insurance” and “Monthly HOA”. All mortgages require that a homeowner keep homeowners insurance on the home for the duration of the loan term. We’ve included an estimated annual insurance amount, but be sure to check with your lender or preferred insurance agent for current rates. If your home has a homeowners association, include that amount as well for the best estimate of your monthly mortgage payment.