Mortgage & Home
Mortgage Payment
Full PITI payment including taxes, insurance and PMI.
Your numbers
Applied while loan-to-value is above 80%.
Total monthly payment
$2,153.02
Balance
falls to $0
- Principal & interest
- $1,686.36
- Property tax
- $350.00
- Insurance
- $116.67
- PMI
- $0.00
- Total interest over term
- $347,087.82
PMI shown is the amount charged today; most lenders drop it once the loan reaches 80% of the home's value.
Mortgage Payment explained simply
At Rauner's we remind folks that a house payment is not just the loan. It also includes taxes for your town, insurance for your house, and sometimes an extra fee if your down payment was small.
For example
A $300,000 house with 20% down gives you a loan of $240,000. Your total monthly bill adds property tax and insurance on top of the loan payment.
Words on this page
Want a second set of eyes on these numbers?
These calculators are estimates for planning purposes and don't account for every detail of your situation. Bring your results to us and we'll pressure-test them against your actual tax picture.
Talk to a CPA