Author: Team5E Editorial Team

Mortgage payment on a $300,000 house: monthly payments by rate and down payment, full PITI example, income needed and closing costs.

Mortgage payment on a $400,000 house: monthly payments by rate and down payment, full PITI example, income needed and closing costs.

Mortgage payment on a $500,000 house: monthly payments by rate and down payment, full PITI example, income needed and closing costs.

15-year vs 30-year mortgage: monthly payments and total interest compared, pros and cons, the extra-payment middle option, and how to choose.

What is PMI? How private mortgage insurance works, what it costs per month, PMI vs FHA MIP, and how to remove PMI at 80% equity.

How much down payment do you need for a house? Minimums by loan type, down payment amounts by price, monthly cost comparison and where the money can come from.

First-time home buyer programs: FHA, VA, USDA and 3% down conventional loans, state down payment assistance grants and loans, and how to apply.

FHA vs conventional loan: down payment, credit score, mortgage insurance and cost compared side by side, and which loan fits your situation.

How to get pre-approved for a mortgage: pre-qualification vs pre-approval, documents needed, step-by-step process, what lenders check and what not to do after.