![]() Is it possible that Zillow ignores HOA dues in its mortgage calculator? Let’s find out! We used the mortgage calculator on Zillow to check the costs involved in home ownership. When you include all the costs, your mortgage payment is nearly 50% higher than the previous figure. ![]() The latter seems to lowball mortgage rates, but Redfin does seem to be the most accurate option at the moment. Compared to Redfin, my HOA dues were automatically pulled from the property listing. Is it possible that Zillow’s mortgage calculator is misreading my HOA dues? This may be the case, but I tried both methods anyway and found that Zillow underestimated HOA dues by nearly 50 percent. Unlike some other mortgage calculators, the Zillow mortgage calculator defaults to the full range of PITI (property tax, homeowners insurance, and PMI). The mortgage calculator also allows you to enter expenses related to PMI, property taxes, homeowners insurance, and HOA fees, all of which can affect your monthly payments. The calculator will also auto-populate the average interest rate and allow you to customize your results. To make sure you aren’t paying more than you have to, you should consider how much down payment you can afford and what your monthly payments should be. Mortgage rates have been on the decline since the Federal Reserve first lowered interest rates after the coronavirus pandemic, and the calculator will auto-populate the current average interest rate. It auto-populates the average interest rate Once you have these numbers, you can see how much you’ll have to pay every month on your mortgage. The calculator also lets you know your payments, including taxes, homeowners insurance, and HOA fees. You’ll be required to input the down payment, mortgage interest rate, and loan term.
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