1.Enter the number of "Years" of your loan in the first space.2.Enter the "Interest Rate" of your loan in the second space.
3.Enter the "Loan Amount" (principal) in the third space.
4.Enter your combined city and county property tax amount (or either amount) in the "Annual Tax" fourth space.
5.Enter the cost of annual homeowners insurance for your home in the "Annual Insurance" fifth space.
6.Hit the "Calculate" button to see your total monthly payment including monthly taxes and insurance payments.
Now you have an approximation of the actual monthly payment of your loan at a fixed rate before you see your lender.
This amount can vary because of changes in property tax rates and insurance premiums which can affect your escrow.
(you can also calculate a basic fixed loan by leaving the annual property tax and annual insurance spaces blank)
