Should I Pay PMI or Have A Piggyback Loan?

The calculator will compare total payments if you have less than 20% to put down. There are options like 80/10/10 and PMI buyouts to save you money on a monthly basis.

Enter Loan Information
*Sales Price or Home Value:  
*Loan Amount:  
*1st Mortgage Interest Rate:   %                  Today's Rates
*Loan Term:   years
*Interest Rate for 2nd Mortgage:    %  
*Loan Term for 2nd Mortgage:   years
  * Required information

Loan with PMI

Loan w/ PMI Buyout Loan with Piggyback Loan
Loan Amount:
1st Mortgage 
Loan Amount: 

 
Interest Rate: % % 1st Mortgage 
Interest Rate: 
 
%
      2nd Mortgage 
Loan Amount: 
 
      2nd Mortgage 
Interest Rate: 
%
 
Principle &  Interest:   
1st Mortgage
Payment:
PMI:     2nd Mortgage
Payment: 
Total Payment:   Total Payment: