Principal Amount: The amount owed after your downpayment
Monthly Payment: How much you pay per month. Includes Monthly Taxes and Monthly Property Insurance.
Monthly Taxes: Your property taxes paid each month.
Monthly Property Insurance: Insurance paid to your lender each month. This usually occurs if your downpayment is not significant enough.
All calculations are provided as estimations and are not guaranteed by any party. Michael Bosveld, our partners, employees,
and affiliates, are not liable for any errors presented on this website. Please consult with us in person to discuss your mortgage rates.