What exactly is a PMI calculator?
If you put less than 20% down, you will have to pay Private Mortgage Insurance, called PMI. This calculator will tell you how much this will add to your monthly payment. Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. This calculator is calibrated for owner occupied, primary residences using agency conforming loan terms on a home purchase. PMI calculations use standard monthly premiums for fixed rate terms. Reduced premium and financed PMI may reduce costs. ARMs with first adjustments in three years or less, second homes and investment properties will have slightly different payments. Contact your loan specialist for details, or if your situation is slightly different. Sources: http://www.goodmortgage.com/calc_pmi.
If you put less than 20% down, you will have to pay Private Mortgage Insurance, called PMI. This calculator will tell you how much this will add to your monthly payment. Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. Enter Loan Information Sales Price or Home Value: Loan Amount: Interest Rate: % Loan Term: years Principal and Interest: Estimated PMI: Results The equity or down payment is representing % of the sales price or value of the home, leaving a Loan to Value of %. * This calculator is calibrated for owner occupied, primary residences using agency conforming loan terms on a home purchase. PMI calculations use standard monthly premiums for fixed rate terms. Reduced premium and financed PMI may reduce costs. ARMs with first adjustments in three years or less, second homes and investment properties will have slightly different payments. Contact y
If you put less than 20% down, you will have to pay Private Mortgage Insurance, called PMI. This calculator will tell you how much this will add to your monthly payment. Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. Sources: http://www.goodmortgage.com/calc_pmi.
