Texas First Title Company L.L.C.

Mortgage Payment Calculator
Calculates your monthly mortgage payment. Select the Taxes and Insurance box to estimate your impounds (property tax and hazard insurance).

Property Information
Sale Price of Home:	$
Appraised Value of Home:	$
Annual home insurance	$
Annual property tax:	$

Mortgage Information
Down Payment:	$
Interest Rate:		%
Term in Years		Years
Estimate Taxes and Insurance


Your Results
Mortgage:		$150,000.00
Monthly Principal + Interest:		$1,100.65
Monthly Hazard Insurance:		$0.00
Monthly Property Tax:		$0.00
Monthly Payment:		$1,100.65
Monthly PMI payment:		$112.50
Monthly Payment w/PMI:		$1,213.15

Explanation
PMI (Private Mortgage Insurance) appears above since your down payment is less than 20% of your home value. You may be required to pay an extra 0.90% a year until the 20% criteria is met. Your Loan to Value(LTV) was calculated at 100.0% imposing a 0.90% PMI. There are some loan programs, however, that do not require PMI regardless of the LTV. PMI values are estimated based on the following criteria. if LTV is less than 85%, PMI is 0.32% if LTV is more than 85%, PMI is 0.52% if LTV is more than 90%, PMI is 0.78% if LTV is more than 95%, PMI is 0.90% if LTV is more than 97%, PMI is 0.95%

The results of this calculation are not binding and in no way constitute an offer to extend credit. Calculator Disclaimer