Private Mortage Insurance VS Down Payment Estimator
Description | Amount |
---|---|
How much is the purchase price of your home? | |
What interest rate would you make if you invested the down payment in an interest bearing account or stock market investment? *We are assuming interest is compounded monthly.* | |
How long will you be taking out a mortgage for? |
You must enter in a value greater than zero (0) above in order to continue! Once you enter in a value, please re-click on calculate.
Private Mortage Insurance Estimate
Annual Descriptions | Amount |
Low PMI @ 0.5% Annual Cost without Down Payment: | |
High PMI @ 2% Annual Cost without Down Payment: | |
Total Cost Descriptions | Amount |
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**The above number is an estimation and should only be used as a reference point. Questions regarding the amounts you owe on your mortgage, interest rates, amortization schedules, and private mortgage insurance rates should always be confirmed by your mortgage company or bank to determine accurate numbers. Workforce 2080 provides these estimations to assist home buyers or home owners to determine a rough estimation of what their payments *could* be. These estimations should not be construed as implict or explicit guarantees in any way. Many factors come into play, such as rounding of figures, amortization schedules and errors in the submission through this portal etc. Workforce 2080 assumes no risk with these estimations and provides these tools to help educate the general population. All users who use these products and estimators outside of their intended use assume risk when used outside of the scope of educational and general knowledge.