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

We Would Love to Hear What You Have to Say!

Many small businesses rely on engagement and interaction from the community to help support and sustain them over time – SPS Inspections is no different.

As a local small business, we rely on what our clients and the community have to say in order to understand what works and what doesn’t.

Your comments are tremendously appreciated!

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