Welcome to Real estate gurus Real Estate Services

There are 6 potential components when considering your monthly housing obligation.

1) Principal and Interest (Commonly Referred to as P&I)

2) Property Taxes

3) Homeowners Insurance

4) PMI (Also known as Private Mortgage Insurance or MI)

5) HOA Dues (Only applies if the property has an HOA and charges HOA dues) This will always be separate from your actual mortgage payment

6) Flood Insurance (Only applies if the property is in a flood zone)

This is a really simple mortgage calculator to use. Just click mortgage tools then mortgage calculator.