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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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| Downpayment: | $ | |
| Interest rate: | % | |
| Yearly property taxes: | $ | |
| Yearly homeowner's insurance: | $ | |
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| Principal and interest: | $ | ||
| Taxes and insurance: | $ | ||
| PMI: | $ | ||
| TOTAL: | $ | ||
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