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Determine Your Loan Amount

Mortgage Calculator © ML

 

Please Note:

When you get to step 3 you will want to make a few adjustments to the following information regarding your down payment, tax rate and mortgage insurance.

FHA Down Payments

  • FHA purchase with less than 5% down use 1.15% for the annual PMI calculation
  • 5% or more use 1.1%

Tax Rate
Tax rate calculate 1.25%

Private Mortgage Insurance
For conventional loans using private mortgage insurance use anywhere between .65% to 1.35% – depending on your loan to value.

For a closer estimate please contact me directly at maureen@MyLifeLender.com or (619) 857-7191