NMLS #34690 · Equal Housing Lender ·
Call:(516) 264-7040info@lmbankers.com
Build your mortgage
Adjust the sliders and watch your payment update instantly.
Tax and insurance defaults adjust by state. Replace them with your property's real figures.
Loan
Estimated monthly payment
$0
Total interest
Payoff date
Cash to close
Compare loan terms
Same loan at your rate: principal & interest only.
Closing costs & cash needed
State-specific taxes plus estimated lender and title costs.
Balance over time
View yearly amortization schedule
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Mortgage calculator FAQs
How is a monthly mortgage payment calculated?
Principal and interest depend on your loan amount, rate and term. Property taxes, homeowners insurance, mortgage insurance and HOA dues are added on top.
What closing costs apply in New York, Florida and Georgia?
New York: mortgage recording tax (1.8% under $500,000, 1.925% above, in NYC) and a mansion tax from 1% on purchases of $1 million or more. Florida: documentary stamps of $0.35 per $100 plus a 0.2% intangible tax. Georgia: intangible recording tax of $1.50 per $500, capped at $25,000. Title, appraisal, attorney and lender fees are also common.
When does PMI go away?
Conventional PMI can generally be removed once your balance reaches about 80% of the original value. FHA insurance lasts 11 years with 10% or more down, otherwise the life of the loan.
What are FHA and VA mortgage insurance costs?
FHA: 1.75% upfront plus 0.50% to 0.55% annually on most 30-year loans. VA: a one-time funding fee (2.15% first use, no down payment) and no monthly mortgage insurance.
Is this calculator a loan offer?
No. Results are estimates only. Contact us for a personalized Loan Estimate.
Estimates are for informational purposes only and are not a loan offer, commitment or Loan Estimate. Rates, taxes and fees vary by county, lender, credit profile and closing date; seller-paid taxes are not included. Default rates reflect the Freddie Mac PMMS national average (7.28% 30-year, 6.60% 15-year, Oct. 1, 2026), not a Lakeview rate. FHA upfront 1.75% / annual 0.50–0.55%; VA funding fee 2.15% (first use); 2026 conforming limit $832,750. Not all applicants qualify. Lakeview Mortgage Bankers Corp. NMLS ID #34690. Equal Housing Lender.
We’ve been helping people purchase their dream homes for over 20 years! Contact any of our mortgage loan originators to get started. And if you have any questions, email us at info@lmbankers.com.
Mortgage Services
Lakeview Mortgage Bankers Corp.
5512 Merrick Road
Massapequa, NY 11758