Will checking my mortgage options hurt my credit score?

No. We start with a soft pull only — zero impact to your credit score. A hard pull only happens once you decide to move forward.

I was already denied by my bank. Can I still get approved?

Yes. Banks use rigid guidelines. We have flexible programs including bank statement loans, DSCR, and non-QM products. A denial from them is not a denial from us.

I'm self-employed and my taxes show low income. Can I qualify for a mortgage?

Yes — we qualify self-employed borrowers using 12 or 24 months of bank statements instead of tax returns. We look at actual cash flow, not write-offs.

How fast can you close a mortgage loan?

Most loans close in 21–30 days. For buyers in contract with qualifying issues we move as fast as possible — call us directly for your specific timeline.

Do I need a 20% down payment to buy a home?

No. We have programs starting at 3–3.5% down and can often pair them with down payment assistance programs.

Do you offer DSCR loans for real estate investors?

Yes, DSCR loans are a specialty of ours. They qualify based on the property's rental income, not your personal tax returns — ideal for investors with multiple properties.

Free Mortgage Calculator | Monthly Payment Estimator | The Galli Team

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Free · Updates in Real Time · No Sign-Up

Mortgage Payment

Calculator.

See exactly what your monthly payment will be — including taxes, insurance, and PMI. Compare loan scenarios in real time. No email required.

Loan Details

Adjust the values below and watch your payment update instantly.

Home Price

Down Payment 20%

$ ▼

Loan Term

Interest Rate

Property Tax

%/yr

Home Insurance

$ /yr

HOA Fees

$ /mo

PMI Rate

%/yr

Estimated Monthly Payment

$2,892

Per month · 30-year fixed at 6.875%

Payment Breakdown

P&I

Tax

Insurance

PMI

HOA

Monthly Cost Breakdown

Principal & Interest $2,365

Property Tax $450

Home Insurance $150

PMI $0

HOA $0

Loan Amount $360,000

Total Interest Paid $491,400

Total Cost of Loan $851,400

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No hard credit pull · Response within 2 hours

💰

Smart Tip · From 29 Years of Lending

Lenders typically approve buyers for a payment up to 28% of monthly income.

At $2,892/month, you'd need a gross income of about $124,000/year to qualify comfortably. Want to see your actual buying power based on your income?

Get My Real Numbers →

Disclaimer: This calculator provides estimates for educational purposes only. Actual loan terms, rates, and payments depend on credit score, debt-to-income ratio, property type, and current market conditions. For a personalized quote based on your situation, contact The Galli Team. Not an offer of credit.

Next Steps

Now That You Know Your Payment...

Here's what to do next — based on what your situation looks like.

📋

Get Pre-Qualified

Find out what you actually qualify for. Soft credit pull. Response within 2 hours. No obligation.

Start Application →

🎯

Compare Loan Programs

FHA, VA, Conventional, Jumbo, Bank Statement, DSCR — see which one fits your situation best.

Explore Programs →

🏠

First-Time Buyer Help

Combine your loan with down payment assistance to reduce out-of-pocket costs significantly.

See DPA Options →

Common Questions

Calculator FAQs.

The math is accurate — it uses the standard mortgage formula lenders use. But the result is only as good as the inputs. Your actual rate depends on your credit score, debt-to-income ratio, loan program, and current market conditions. For an exact quote, get pre-qualified.

This calculator shows PITI + HOA — Principal, Interest, Property Tax, Home Insurance, plus PMI (if your down payment is less than 20%) and HOA fees if applicable. This is the full monthly cost of homeownership.

PMI (Private Mortgage Insurance) is typically required on conventional loans when your down payment is less than 20%. FHA loans have MIP (Mortgage Insurance Premium) regardless of down payment. VA loans don't have PMI. The calculator auto-adjusts PMI based on your down payment.

Use a rate close to current market rates for your loan type. Conventional 30-year rates typically run between 6.5–7.25% in 2026. Your actual rate depends on credit score (740+ gets best rates), loan amount, and lender. Want a real quote? Get pre-qualified and we'll give you your actual rate.

Florida property tax averages 0.9–1.5% of home value per year. The calculator defaults to 1.2% which works for most areas. Sarasota and Manatee counties typically range 1.1–1.4%. For your exact tax, check the property appraiser's site for your county.

Yes — lenders require home insurance on every mortgage. Florida insurance averages $2,000–$4,500/year for coastal homes (higher near beaches, lower inland). The calculator defaults to $1,800/year which is a reasonable starting estimate. Get a real quote from a Florida insurance agent before closing.

If you're self-employed, an investor, have non-traditional income, or need a non-QM loan, this calculator gives a baseline estimate. Your actual program might have different requirements. View all our loan programs or get a custom quote.

Stop Estimating. Start Closing.

Get Your Actual Numbers.

Calculators give estimates. We give real rates, real programs, and a real path to your home — within 2 hours.

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