Down payment, loan amount and monthly payment for a home purchase, plus whether PMI may apply. Results update as you type.
Enter the home price and down payment percentage. The loan amount is the price minus the down payment, and the monthly payment is the principal and interest on that loan. The loan-to-value ratio is the loan divided by the price.
Results are estimates for education only and are not financial advice.
On a conventional loan, a 20% down payment generally avoids PMI. With less than 20% down, PMI is usually added to the monthly payment until your equity reaches 20%.
Similar calculators: Mortgage CalculatorFHA Loan CalculatorVA Loan Calculator