Property Taxes Property taxes are estimated at a 1.7 percentage
rate of the house price. If you know your property taxes, you may enter
it.
Insurance Home Owners Insurance rates estimated
at a .2 percentage rate of the house price. If you know your insurance
rates, you may enter it.
PMI (Private Mortgage Insurance)
If the Loan to Value rate is above 80%, you are required to pay PMI.
The following table represents the estimated rates used to calculate
the estimated PMI.
LTV
PMI Rate for a 30 year mortgage
PMI Rate for 10, 15, and
20 year mortgages
80.01% - 85%
.32
.18
85.01 - 90%
.52
.23
90.01% - 95%
.78
.26
95.01% - 97%
.90
.79
Disclaimer: This calculator makes broad assumptions to estimate
your payment. Please consult a real estate agent or a mortgage broker
for your exact monthly payment.