| Down Payment: |
|
| Amount Financed: |
|
| Monthly Payment: |
(Interest Only) |
| |
If your down payment is less than 20% of property value, you will need to pay PMI ( Private Mortgage Insurance ), which tends to be about $55 per month for every $100,000 financed. This could add
to your monthly payment. |
| Monthly Payment: |
(Interest Including PMI) |
| |
To calculate property taxes we estimated an annual tax rate of 1.25% of property assessed value. Be aware that this value may be different depending on the location of the property.
For each $100,000 of your property's assessed value you should expect to add approximately $104 to your monthly payment. |
| Total Monthly Payment: |
(Interest, PMI and property tax) |
|
