Home Buyer
Payment Estimator
A simple guide to understanding what your full monthly payment might look like — taxes, insurance, and everything in between.
Your Purchase
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Configure your home search
$500,000
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Dollar Amount
or
Percentage
Note: PMI estimates may vary for non-standard down payment amounts.
Down Payment
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Down Payment %
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Loan Amount
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Estimated Payment
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Varies — ask your agent
Your monthly breakdown
Principal & Interest
Loan repayment to your lender
Property Tax
~1.1% annually · Sacramento County
Homeowner's Insurance
~0.35% of home value per year
PMI Drops at 20% equity
Required for down payments under 20%
HOA Fees
Total Monthly Payment
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per month · estimated
Upfront Costs
Cash needed to close
Down Payment
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Est. Closing Costs (~2.5%)
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Reserves (2 months PITI · recommended)
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Total Cash Recommended
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Full Comparison
Every price point, every scenario
All standard down payment options across every price point. Change the interest rate above and everything updates instantly. Your selected price is highlighted.
| Home Price | 3% Down (Conventional) |
3.5% Down (FHA) |
5% Down | 10% Down | 20% Down (No PMI) |
|---|
Color guide:
Under $3,000/mo
$3,000 – $4,000/mo
Over $4,000/mo
* All figures under 20% down include PMI
For Reference
What's included in these estimates
30-year fixed rate mortgage
Property tax: ~1.1% annually (Sacramento County average)
Homeowner's insurance: ~0.35% of home value per year
PMI: ~0.85% for 3–3.5% down · ~0.75% for 5% down · ~0.50% for 10% down
PMI is removed once you reach 20% equity in your home
Closing costs estimated at ~2.5% of the purchase price
Reserves: 2 months total PITI — commonly expected by lenders
Not included: HOA fees — can add $200–$600+/mo in many Sacramento communities
Not included: Mello-Roos assessments — common in newer Sacramento-area developments
FHA note: FHA loans carry a 1.75% upfront MIP not reflected here
3% conventional requires solid credit — best rates typically need 740+
All figures are estimates for planning purposes — always consult a licensed lender