Down payment & monthly payment calculator
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See how much cash you need up front and what you'd pay each month, including property tax, insurance and PMI. The rate starts at this week's 30-year average (7.24%, Freddie Mac via FRED).
For first-time buyers who want to see the cash needed up front and the full monthly payment, including tax, insurance and PMI.
Compare down payment sizes
Same price, rate, term, property tax and insurance as above. PMI uses the estimate bands below, except your own row, which uses your PMI rate if you entered one.
How the PMI estimate works
Private mortgage insurance applies to conventional loans with less than 20% down. If you leave the PMI box blank we use a simple banded assumption, not a quote: 1.0% of the loan per year under 5% down, 0.75% for 5–9.99%, 0.5% for 10–14.99%, 0.3% for 15–19.99%, and 0% at 20% or more. Real PMI depends mostly on your credit score. Under the federal Homeowners Protection Act, PMI on most conventional loans ends automatically once the balance is scheduled to reach 78% of the original value. FHA loans use a different mortgage insurance premium. Property tax defaults to the state's effective rate (Census ACS); closing costs are shown as a 2–5% range.
Averages are a starting point. Your quote depends on credit, down payment and the loan type.
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Related
Related guides
Updated . Official sources: Freddie Mac PMMS, U.S. Census Bureau ACS.
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