Meowgage Calculator
Calculate hypothetical monthly mortgage payments with taxes and insurance
Loan Details
Enter rate with up to 3 decimal places (e.g., 7.125)
Additional Costs
1.2% of purchase price annually ($500/month)
$150/month
Payment Breakdown
Loan Summary
Mortgage Insurance Rate Information (2025 California)
FHA MIP Rates: Upfront 1.75%, Annual 0.55% (most loans) | 0.15%-0.75% (varies by term/LTV)
Conventional PMI: 0.85% annually (assumes 700 credit score) | Range: 0.58%-1.86%
Credit Score Assumption: This calculator uses rates based on a 700 FICO score
Sources: FHA.com, Urban Institute Housing Finance Policy Center, California mortgage lenders
Rates are current as of 2025. Your actual rate will vary based on your credit score and financial profile.
Important Disclaimer
The calculations and figures displayed by this Meowgage Calculator are provided for illustrative and educational purposes only. These numbers are hypothetical examples and should not be considered as actual mortgage quotes, pre-approvals, or guaranteed rates. I am not a licensed loan officer, mortgage broker, or financial advisor. This application is designed solely for creating hypothetical scenarios and exploring potential mortgage payment structures.
For accurate, personalized mortgage information: Please consult with a licensed loan officer, mortgage professional, or qualified financial advisor who can provide guidance based on your specific financial situation, credit profile, and current market conditions. Actual mortgage terms, rates, and payments will vary based on numerous factors including but not limited to credit score, debt-to-income ratio, property type, loan program, and lender requirements.
Monthly Payment Breakdown
Mortgage Calculator FAQ
How is a monthly mortgage payment calculated?
Monthly mortgage payments include principal, interest, property tax, homeowners insurance, and potentially PMI or HOA fees. The principal and interest portion is calculated using your loan amount, interest rate, and loan term.
What is the difference between FHA and conventional loans?
FHA loans are government-backed and require as little as 3.5% down with mandatory mortgage insurance (MIP). Conventional loans typically require 3-20% down, and PMI is only required if you put less than 20% down.
How much down payment do I need in California?
Down payments range from 3% for conventional loans to 3.5% for FHA loans. On a $700,000 home, that's $21,000 to $24,500 minimum, though 20% ($140,000) eliminates private mortgage insurance.
What are typical property tax rates in San Diego?
San Diego County property tax rates average about 1.1-1.3% of the assessed value annually, though rates vary by area and any special assessments.