Where can I access a free pmi calculator online?
A Good Mortgage Calculator with PMI when Purchasing a Home Tells You your Exact Payment! If you have been considering either purchasing a home or you already own a home but have some concerns about your private mortgage insurance, a good PMI calculator can come in handy. A mortgage calculator with pmi can help you determine both how much money you may be required to add on to your mortgage every month as a result of private mortgage insurance as well as when you can expect to drop it. Private mortgage insurance, often referred to as simply pmi, is one of the costs that many people overlook when they first begin to consider purchasing a home. But if you take advantage of the assistance offered from a PMI calculator, it won’t be any surprise at all. Basically, private mortgage insurance is a type of insurance that can help protect the risk of the investor or banker in the event that you, as the homeowner, are unable to make the mortgage and the home must be foreclosed upon. If you purcha
If you put less than 20% down, you will have to pay Private Mortgage Insurance, called PMI. This calculator will tell you how much this will add to your monthly payment. Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. This calculator is calibrated for owner occupied, primary residences using agency conforming loan terms on a home purchase. PMI calculations use standard monthly premiums for fixed rate terms. Reduced premium and financed PMI may reduce costs. ARMs with first adjustments in three years or less, second homes and investment properties will have slightly different payments. Contact your loan specialist for details, or if your situation is slightly different. Sources: http://www.goodmortgage.com/calc_pmi.
