30-year FHA Fixed-Rate Loan: An interest rate of 6.375% (7.39% APR) is based on the cost of 2.125 points ($3,802.79) paid at closing. For a $178,955 mortgage, the estimated monthly payment would be $1,196.64, excluding taxes and insurance premiums. The actual payment amount may be higher. The estimate assumes a loan-to-value (LTV) ratio of 96.50%.A one-time upfront mortgage insurance premium (MIP) of 1.75% of the base loan amount is included, along with a monthly MIP of 0.55% for mortgages with an LTV of 96.50%. This 0.55% MIP is required for the first 30 years of the mortgage term. After this period, the monthly payment will consist only of principal and interest. Mortgage rates fluctuate daily, and actual payments will vary based on individual circumstances and current market conditions. Certain loan products may not be available in all states, and some jumbo loans may not be available for first-time homebuyers. Additional restrictions may apply. The estimate is based on the assumption that: Closing costs are paid out of pocket. The loan is for a primary residence and a single-family home. The debt-to-income (DTI) ratio is below 30%. The credit score is 720 or higher (or 740+ for certain jumbo loans). An escrow account is used for property taxes and insurance. The rate lock period is 45 days. If LTV > 80%, private mortgage insurance (PMI) may be required, except for Military/VA loans, which do not require PMI. This calculator provides estimates based on limited information. Your actual rate and payment may vary. Heart Mortgage offers a wide range of loan programs. Even if your situation does not match these assumptions, you may still qualify for financing. For a personalized assessment, contact a Heart Mortgage expert today. Note: One point is equal to 1% of the loan amount.