Simple Real Estate Mortgage Calculator With Taxes And Insurance
If you came looking for, or are in need of a mortgage calculator with taxes and insurance; you are in the right place, my friend. Look no further than a few more inches down your screen, and be immediately blessed by a mortgage calculator so powerful, it will even provide for you an estimate of the cost of your PMI and the amount of annual property taxes to be paid either once at the end of the year or make two half payments throughout the year.
What is PMI
PMI in real estate is an acronym for Private Mortgage Insurance. This can be thought about as an insurance policy on the mortgage amount. PMI insurance is a tool that lenders use to protect themselves, not you, and their investment in lending to you based on the down payment amount in a conventional loan. Typically, PMI is required by the lender when the amount of your down payment is less than 20% of the purchase price of the home.
FHA loans and first-time homebuyer programs are some of the most common and well-known adopters of private mortgage insurance, as required down payments almost always fall below the 20% mark.
IF YOU ARE TRYING TO VIEW THIS PMI CALCULATOR ON A MOBILE DEVICE, USE THE "EXIT MOBILE VERSION" LINK AT THE BOTTOM OF THE PAGE TO NAVIGATE TO A NON-AMP VERSION OF THE PAGE WHERE YOU WILL BE ABLE TO MAKE USE OF THE MORTGAGE CALCULATOR
Mortgage Calculator With Taxes and Insurance
Other Articles of Interest
- Real Estate Owned: Everything You Need To Know About REO’s In 2020
- How Millennial Home Buyers Are Changing the Real Estate Industry
- FHA Loan Requirements And Minimum Property Standards for Lending
- What Are Real Estate Purchase Agreements, Home Buying Contracts, and Inspection Contingencies
- Modular Homes in the 21st Century – A Great Value for Your Dollar
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