MEET THE TEAM
BEFORE YOU BUY
Purchase & Financing Information
Sale Price of Home:
Length of Mortgage:
Annual Interest Rate:
Return To Property Details
Mortgage Payment Information
(Principal & Interest ONLY)
Since you are putting LESS than 20% down, you will need to pay PMI (
Private Mortgage Insurance
), which tends to be about $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $58.91 to your monthly payment.
(Principal & Interest, and PMI)
Residential (or Property) Taxes are a little harder to figure out...
Let's say that your property's
is 85% of what you actually paid for it - $101,150.00. This would mean that your yearly residential taxes will be around $1,416.10 This could add $118.01 to your monthly payment.
TOTAL Monthly Payment:
(including PMI and residential tax)