Mortgage Calculator

Home Insurance: The average cost of home insurance in Texas is $3,429 annually as of 2022.

Mortgage insurance Premium (MIP): used for FHA Loans usually ranges between 0.45% – 1.05% of your loan amount, divided over 12 months. MIP stays for life of the loan.

Private Mortgage Insurance (PMI): used for Conventional Loans usually ranges between 0.58% – 1.86% of your loan amount, divided over 12 months. PMI goes away eventually.

Purchase Price $

Mortgage Term

Down Payment ($)

Annual Taxes ($)

Interest Rate (%)

Annual Insurance $

PMI/ MIP $

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$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

PMI/ MIP $1421

Monthly Insurance $1421

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.

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$1421

Monthly Payment

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