PITI Mortgage Payment Calculator
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Step 1: Sales Price of Property
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Sales Price
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$
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Step 2: Down Payment Amount
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Down Payment
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$
(i.e. 10000 = 10,000)
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Step 3: Select Mortgage Rates & Amortization
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Select the estimated
current mortgage rate you will be able to obtain. (Note: if using an adjustable
rate mortgage, you must qualify at the fully indexed rate, which will be approximately
the same as a 30 year fixed in most cases).
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Mortgage Amortization
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Interest Rate
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Compare Mortgage Payment Calculator Results for Three PITI Mortgages ///
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Below are the results of the mortgage calculator with taxes and insurance. View the PITI mortgage
payments including PMI if applicable.
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Loan Programs
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Mortgage Rate
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Sales Price
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Loan Amount
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Down Payment
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Loan to Value / LTV
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Mortgage Payment
(Principal & Interest / P.I.)
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Property Taxes **
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Homeowners Insurance **
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Private Mortgage Insurance (PMI), if LTV over 80%
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Mortgage Payment (P.I.T.I)
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Property Tax and Homeowners Insurance Assumptions**
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We have used a generic estimate for these mortgage payment calculations or you
may use our mortgage calculator with taxes and insurance refine your monthly
payment calculatons. You may refine the payment estimate by selecting a more accurate property tax and / or insurance
rate in your area. Both annual and the prorated monthly amounts are shown and
calculated into the mortgage payment. Use the drop-down and the amounts will automatcially
be recalculated in the piti calculator. If you are thinking "Should I refinance" use our refinance calculator.
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Annually
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Monthly
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Property Taxes based on
per year.
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Homeowners Insurance
per year.
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PITI Mortgage Payment Calculator* - The information provided
on or through this site and this mortgage payment calculator is for purposes of
general consumer education only and is not intended as a substitute for advice from
a qualified professional, such as, but not limited to, a lawyer, mortgage broker,
accountant, investment advisor, insurance broker, financial planner, real estate
agent or home inspector. We can not and do not guarantee the accuracy or the applicability
of this information to your circumstances. We encourage you to seek personalized
advice from qualified professionals regarding all personal finance and real estate
issues.
Estimate Monthly Principal, Interest, Taxes & Insurance** - This is an estimated
mortgage payment amount of the property taxes, homeowners insurance and possible
private mortgage insurance. This may vary from area to area. Property taxes estimated
at 1.25% per year. Homeowners insurance estimated at .0035% per year and PMI estimated
at following rates: 95.01-100% LTV = 1.03% , 90-95% LTV = .875%, 85-90% LTV = .625%,
80-85% LTV = .375%.
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