Help calculating mortgage on my potential first property??

[Kevin R.]

I am first-time homebuyer looking at a triplex in the Philadelphia area. I am likely looking to get a 30-year fixed FHA loan with 3.5% down, which looks like the monthly payments would work out to around $2,000/month according to my mortgage calculator. However, my realtor is saying that it would actually be $2,600/month. Any idea why there is such a discrepancy between the two numbers?

• List price: $419,900
• 2015 taxes: $2,742 (according to
• Credit score: 760

Any help would be greatly appreciated. Thank you!