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What will your monthly mortgage payment be?
In the market for a new home? Find out how much you re likely to shell out each month for a new address.



Price of home: $
Downpayment: $
Interest rate: (%)
*Yearly property taxes: $
*Homeowners insurance: $
 
PRINCIPAL & INTEREST: $
TAXES & INSURANCE: $
*PMI: $
TOTAL: $



  
ABOUT THIS TOOL
*Term: We've assumed a 30-year term

*Property taxes: We've assumed a 1.5% property tax on the purchase price. Your rate, and ultimate tax bill, may differ significantly. For a more accurate total payment, enter your own estimated annual taxes.

*Homeowners insurance: Uses an annual premium of $0

*PMI: Your total payment includes an estimated $80 fee for private mortgage insurance (PMI) if your downpayment is less than 20% of the purchase price. Average PMI runs $50 to $80 per month on a median priced home of $159,000, according to the Mortgage Insurance Companies of America. But it can climb to $150 per month or more.
 

 

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