Total payment – Calculate My Realestate

Mortgage Payment Calculator

Tell us about the house you are interested in, and we will show you how much your total monthly payment will run each month:

Sales price of the home:

Down payment (% or $):

Mortgage amount:

Estimated interest rate:

Mortgage term (years):

Private mortgage insurance (PMI), monthly:

Annual insurance cost:

Annual real estate taxes:

Based on the information you have provided, here is the break down of your total payment:

Estimated monthly mortgage PMT (principal & interest):

Private mortgage insurance (PMI):

Insurance and taxes:

Total monthly payments:

Private mortgage insurance (PMI)–this is an extra layer of protection for the lender that is required with some loans. If you buy a house with less than 20% down payment or equity, some lenders will require PMI. Certain lenders also require it with conventional loans if they are not backed by the government.
Hazard insurance–protects you as a homeowner against the costs of damage from fire, vandalism, smoke and other causes. It is commonly confused with a homeowner’s insurance policy, so it is important to clarify that it is not a separate policy but part of a homeowner’s policy.
Property taxes–when you buy a home, property taxes can be factored into your monthly mortgage payment. These taxes are generally imposed by the county, and often include local taxes for school districts, utilities or city governments. Property tax rates and rules vary depending on your location.