Karen Jones

Senior Mortgage Loan Officer

480-339-1577  kjones@amerifirst.us

NMLS 307015  |  AZ Lic 0914383

Mortgage Payment

Calculating Your Estimated Mortgage Payment

This calculator will help you get a strong idea of how much your payment will be, so when you are out and about and have a thought, you have a tool to help you get your answer.

Of course, an actual review with your Loan Officer is the best way to understand what your payment would be on a home at a certain purchase price, as interest rates do change daily.  However, if you are wanting some quick information, this is a great tool to use.


FHA Mortgages

If you buying strategy is using the FHA Home Loan program, then please be sure to use the UFPMI (Upfront Private Mortgage Insurance) calculation at 1.75% as that is what is currently being charged to use the FHA Home Loan.  This upfront fee is financed into your loan therefore it is not an extra out of pocket expense.  The monthly PMI is the same for all borrowers:  .85%.  The monthly PMI stays on the loan for the life of the loan unless  you invest 10%, then it will automatically drop off after 11 years.

Conventional Mortgages

With a conventional mortgage, there is no PMI when you invest 20% as a down payment.  If you do not invest 20%, then the PMI will be calculated based  upon your down payment and your credit score.  Your Loan Officer will be able to provide  you with your exact PMI expense.  The calculator just estimates.




AmeriFirst Financial, Inc., 155 E McKellips Road, Suite 117, Mesa, AZ  85203 (NMLS #145368) 1-877-276-1974.  Copyright ©2022 AmeriFirst Financial, Inc.  All Rights Reserved.  This is not an offer to enter into an agreement.  Not all customers will qualify.  Information, rates, and programs are subject to change without prior notice.  All products are subject to credit and property approval.  Not all products are available in all states or for all loan amounts.  Other restrictions and limitations apply.  AmeriFirst Financial, Inc. is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development or the Federal Housing Administration.  Not intended for legal or financial advice.  Visit https://amerifirstloan.com/pages/state-licensing or all state licenses information.  Visit NMLS Consumer Access at https://www.nmlsconsumeraccess.org/


By proceeding, you expressly consent to receive calls and texts at the number you provided from Karen Jones about mortgage loan related matters, but not as a condition of purchase. Message frequency varies. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list.

Karen Jones 
Certified Mortgage Advisor
NMLS 307015 |    AZ Lic #0914383




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