This calculator is for illustrative purposes only. The information shown is designed to provide basic information about mortgage financing. Please consult with your tax advisor to determine the tax impact of home ownership and interest deductibility for your individual circumstances.
For PMI: If you put less than 20% down, you will have to pay Private Mortgage Insurance, called PMI. PMI is determined with many variables, including the amount of the down payment, your credit score, loan type, property ownership, etc.., so the default in the calculator is only an estimate. Please contact one of our lenders to help determine the actual PMI rate.