PMI Calculator

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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 and a 700 credit score. PMI calculations use standard monthly premiums for fixed rate terms. Reduced premium and financed PMI may reduce costs. Adjustable Rate Mortgages, second homes and refinances will have slightly different payments.  Contact your loan specialist for details, or if your situation is slightly different than the terms described above.

Sound good?  If you'd like a pre-approval to go home shopping, apply online now.