Calculate your Coconut Grove mortgage payment

How much will our payment be?

Please use the mortgage calculator below to quickly calculate a mortgage payment. If you have any mortgage questions, please feel free to call us directly!!

https://www.mortgageratemath.com/

Principal & Interest Expense:
Taxes:
Insurance:
HOA Expense:
PMI Expense:
Monthly Payment:

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Mortgage payment equals principle, interest, taxes & insurance

What makes up your mortgage payment?

Very easy to understand - PITI

Principle, Interest, Taxes & Insurance!!

Your mortgage payment consists of a portion of all of the above. Every payment, a portion goes to paying down the principle. This actually reduces the amount you owe to the bank. A portion of the payment also goes towards paying the interest you owe the bank for letting you "rent" their money. Lastly, part of your mortgage payment gets placed in escrow to pay such items as your property taxes and insurance as well.

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