The HomeMetrica glossary

Here’s what these numbers mean.

Mortgage language can feel like a different language. These short explanations help you move through a calculator with confidence.

Principal is the amount you borrow. Interest is what the lender charges for letting you use that money.

Your local government charges property taxes. We turn an annual estimate into a monthly planning number.

Private mortgage insurance may apply when your down payment is smaller. Your lender determines the actual amount.

This is the cash you need on closing day after credits and deposits are accounted for.

Qualification is not the same as comfort. Your take-home income and real expenses tell the fuller story.