What will your mortgage payment be?

In the market for a new home? Find out how much you're likely to shell out for a new address.

MORTGAGE ESTIMATOR
About this calculator:


Term: We've assumed a 30-year term

Property taxes: We've assumed a 1.5 percent property tax on the purchase price. Your rate, and ultimate tax bill, may differ significantly. For a more accurate total payment, enter your own estimated annual taxes.

Homeowner's insurance: Uses an annual premium of $481, the national average according to the Insurance Information Institute.

PMI: Your total payment includes an estimated $80 fee for private mortgage insurance (PMI) if your downpayment is less than 20 percent of the purchase price. Average PMI runs $50 to $80 per month on a median priced home of $159,000, according to the Mortgage Insurance Companies of America. But it can climb to $150 per month or more.

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Enter costs
Price of home:
Downpayment:
Interest rate:     %
Yearly property taxes:
Yearly homeowner's insurance:
CALCULATE  

RESULTS
Principal and interest:
Taxes and insurance:
PMI:
TOTAL:
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