How the home buying real estate process works
Curious about how much a mortgage payment is? Use our repayment calculator to get an estimate…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will connect you with a mortgage loan officer to go through your specific scenario.
Principal & Interest (P&I)
$
PMI
$
Taxes & HOA
$
Homeowners Insurance
$
Purchase Price
$
Down Payment
$
Total Loan Amount
$
PMI
The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.
Estimated Payment
$ /mo
Loan amount
$
Down payment
$
Interest rate
Loan term
Taxes & insurance included?
Property tax
Homeowner's insurance
$
Mortgage insurance
$
HOA dues
$
Payment Breakdown
Amortization
Principal vs. Interest
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan.
Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
- Principal payments: $$240,000 (the amount borrowed)
- Interest payments: $$297,554 (the cost of borrowing)
Featured Communities
Welcome to our Featured Communities, where we highlight the unique neighborhoods we typically serve. Each area offers distinct lifestyles, from urban energy to suburban tranquility and rural charm.
While we find ourselves often doing business in these communities, our expertise isn’t limited to them. We’re ready to assist you no matter where your dream home is located. Our dedicated team is here to guide you through the process, ensuring you find the perfect fit.
Let us help you discover the community that feels like home.
Spencer Mason
Real Estate Agent
Spencer Mason is a dedicated realtor serving the Upper Cumberland region of Middle Tennessee, committed to providing personalized and stress-free real estate experiences for both buyers and sellers. Born in Danville, KY, and raised in Celina, TN, Spencer has deep roots in the local community and now resides in Cookeville with his wife, Maggi, and their six children.
With a solid background in construction logistics, Spencer brings a keen eye for property potential and a comprehensive understanding of home construction and maintenance. His dedication to helping others is evident in his commitment to delivering exceptional service, ensuring open communication, and crafting tailored strategies to achieve the best possible outcomes for his clients.
Beyond real estate, Spencer is passionate about uplifting and encouraging others, whether through his love of music or his unwavering support of his community. Known for his strong work ethic and determination, Spencer fights for his family, friends, and clients, always striving to exceed expectations.
Whether you’re looking to buy or sell a home in the Upper Cumberland area, Spencer Mason is the realtor you can rely on to guide you through the process with confidence and peace of mind.
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