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New Purchase
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Mortgage Calculators
What Better: take a Second Loan or Pay PMI?
Input Information
Property Information
Home Value :
($)
Additional Information
Annual PMI :
($)
(%)
Down Payment :
5 %
10 %
15 %
Standard
80% Loan
Second Loan
Interest Rate :
(%)
(%)
(%)
Length :
Yrs
Yrs
Yrs
Points :
(%)
(%)
(%)
Closing Cost :
($)
($)
($)
Show Schedule Table
Financial Analysis
Standard
80% Loan
Second
Points Value :
$2,700.00
$3,600.00
$300.00
Closing Cost :
$1,200.00
$700.00
$1,000.00
Total Closing Cost :
$3,900.00
$5,600.00
Down Payment :
$30,000.00
Upfront Cost :
$33,900.00
$35,600.00
Amount Financed :
$267,300.00
$236,400.00
$29,700.00
Monthly PI :
$1,394.36
$1,149.15
$250.63
Months With PMI :
70
0
0
Monthly PMI :
$112.50
$0.00
$0.00
Monthly Payment :
$1,506.86
$1,399.77
Total Interest Paid :
$234,670.80
$192,705.96
Total PMI :
$7,875.00
$0.00
$0.00
Total Payments :
$509,840.30
$458,800.75
Quick References
Calculate your payments and options
Standard vs Bi-Weekly
Which Loan is Better?
Interest Only Calculator
Should I Refinance?
Tax Benefits Calculator
Mortgage Principal Calculator
Mortgage Length Calculator
More.....
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