This mortgage calculator assumes a 30-year fixed rate term
This mortgage calculator uses an annual homeowner insurance premium of $481.
This is the national average according to the Insurance Information Institute.
This mortgage calculator assumes a 1.5% property tax on the purchase price.
Your property tax percentage rate, and the tax bill, may differ - perhaps
significantly. Use your own estimated annual taxes for a more accurate total
payment.
If your downpayment is less than 20% of the purchase price your total payment
includes an estimated $80 fee for private mortgage insurance (PMI). On average
PMI runs $50 to $80 per month on a median priced home of $159,000, according to
the Mortgage Insurance Companies of America. This is only an estimate.
