Enter Your Numbers
Quick-fill DPA programs available at DreamHomeToday.net properties:
* Programs can be stacked. Use the Invest Atlanta + ANDP combo for maximum benefit.
Estimated Monthly Payment
Amortization Schedule
See exactly how much of each payment goes to principal vs. interest over the life of your loan.
| Year | Beginning Balance | Principal Paid | Interest Paid | Ending Balance | Equity |
|---|
Understanding Your Mortgage Payment
Every line item in the calculator explained in plain English.
Principal & Interest (P&I)
The core loan payment — how much you're actually paying down your mortgage balance (principal) plus the bank's cost of lending (interest). This is determined by loan amount, rate, and term.
Property Tax
Atlanta-area property taxes average 1.1–1.3% of assessed value annually. Your lender typically collects 1/12 of your annual tax bill each month into an escrow account and pays it for you.
Homeowner's Insurance
Required by your lender, homeowner's insurance protects your home against fire, storm damage, theft, and liability. Atlanta-area rates average $100–$150/month depending on coverage and value.
Down Payment Assistance
DPA programs reduce your loan amount by providing grants or forgivable loans. A $15,000 DPA grant on a $200,000 home means you're only financing $185,000 — saving you ~$85–95/month at current rates.
HOA Fee
Some communities (like Austin Walk and Vesta Station) have homeowners associations. HOA fees cover shared amenity maintenance, landscaping, and community management. Ranges from $80–$200/month for most DreamHomeToday.net communities.
Cash to Close
Your total out-of-pocket at closing: down payment + closing costs (~2–3% of loan). With DPA stacking, DreamHomeToday.net buyers often need as little as $1,000–$3,000 out-of-pocket to close.