Mortgage Calculator
THIS CALCULATOR IS DESIGNED TO LET YOU KNOW WHAT YOUR MORTGAGE PAYMENT WILL BE.
FOR SOME OF THE NUMBERS YOU WILL PROBABLY NEED TO MAKE AN EDUCATED GUESS (UNLESS YOU HAVE A SPECIFIC HOUSE IN MIND) ON THE TAXES AND THE HOMEOWNERS INSURANCE. FOR A $300,000 HOME A SAFE GUESS-TIMATE FOR PROPERTY TAXES IS IN THE $3,700 A YEAR RANGE, SO CHANGE THE NUMBER TO 1.25%. HOMEOWNERS INSURANCE WILL PROBABLY BE IN THE $1,000 A YEAR RANGE. ON THE PMI PORTION FOR A 3.5% DOWN PAYMENT FHA LOAN PLACE 0.85%, SO INCREASE THE PRE-SET FROM 0.5% TO 0.85% FOR THE COST OF THE MONTHLY PMI AND YOU WILL BE RIGHT ABOUT THERE.
