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               Mortgage Estimator

Home Price: $
Cash Down: $
Interest Rate: %
Property Taxes:
Auto estimate
$
Insurance (Annual):
Auto estimate
$
# of Payments:



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.