Like they say the extra is the property taxes and the homeowners insurance. The actual figure for property taxes will depend on which house you buy. If you already have it picked out you can look up the real figure and the lender can actually help you do that.

The homeowners insurance depends on your credit (believe it or not) and the size, age, condition and location of the house. It also depends on what kind of coverage you want, how large a deduct able you want, and if you also have your car insurance thru the same company. Shop around and ask a few companies for quotes.

But your lender is probably just guessing right now and one guess might be as good as another.

The calculator showd you principal and interest. The payment also includes 1/12 of the annual real estate taxes and insurance each month, and also something called PMI if your down payment is less than 20%.

well if you have a bad credit rating they usually up the interest charges, they could be including property taxes paid along with the mortgage payment and the amount of time amatiorization 5 years 10 yrs 20 years etc check it out and get a clear picture from the broker he is supposed to be upfrint with you so get a breakdowm as to the payments

Monthly amount due for property taxes, homeowner’s insurance, and mortgage insurance if less than 20% downpayment.