Our Commitment to Data Integrity
At MyMortgageOwl, the math is everything. We are committed to providing the most accurate, industry-standard calculations possible.
How We Calculate
- Amortization: We use exact daily or monthly compounding formulas as utilized by the banking industry.
- Rates: Our "Today's Rates" widgets are updated weekly based on the Freddie Mac Primary Mortgage Market Survey (PMMS).
- Taxes & Insurance: Because local property taxes and insurance rates vary wildly, our calculators use national averages as defaults, but we explicitly encourage users to input their exact local numbers for precision.
Editorial Standards
Every article in our library is thoroughly researched. However, lending guidelines (like FHA limits or conforming loan limits) change annually. We periodically review and update our content to reflect the latest federal guidelines.