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Payment Amounts

You can determine how much your mortgage payments will be. Just enter the amount you want to borrow, the interest rate, the number of payments per year, and the term (number of years). Don't forget to subtract your down payment from the cost of the home.

Most lenders will require an additional amount to cover your home insurance, real estate taxes, and PMI with the mortgage payment. The lender will then make these payments for you.

For instance, if you are making monthly payments, each payment would include 1/12 of your yearly taxes, insurance, and PMI.

I want borrow ...
At an interest rate (ex. 6.125) of... %.
The payments will be made times a year.
The term of my loan will be years.
Enter beginning month and year of loan
* My estimated YEARLY real estate taxes are...
* My estimated YEARLY insurance costs are...
* My estimated Yearly PMI Payments are...

My regular payments WITHOUT taxes and insurance...
My regular payments WITH taxes and insurance...
The total interest paid will be...
The total interest and principal will be...
* Optional