PMI Mortgage Calculator with Amortization

PMI Calculator with Amortization

This unique mortgage calculator will not only generate an amortization schedule, but will also show the Private Mortgage Insurance payment that may be required in addition to the monthly PITI payment.

Private Mortgage Insurance, or PMI, is insurance that protects the lender against loss if you (the borrower) stop making mortgage payments. Even though it protects the lender and not you, it is paid by you. It may allow you to buy a house with a much smaller down payment, as low as three to five percent of the price of the house instead of the more common 20 percent, making buying a house a sooner possibility for some.

Recommended Reading

• 

  Fixed mortgage rates break rise

  HSH.com releases its latest Weekly Mortgage Rates Radar showing a small decline in fixed mortgage rates from the previous week. The Weekly Mortgage Rates radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM).
• 

  HARP needs more than a deadline extension

  Homeowners who haven't refinanced their mortgage might have another shot at refinancing now that the Home Affordable Refinance Program (HARP) has been extended until Dec. 31, 2015.
• 

  In-house lenders aren't always best

  There are both advantages and disadvantages to working with an in-house lender, so homebuyers should always compare offers from multiple lenders before committing to a lender or a loan.
• 

  Upward trend for rates continues

  HSH.com releases its latest Weekly Mortgage Rates Radar showing a sixth consecutive rise in fixed mortgage rates from the previous week. The Weekly Mortgage Rates radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM).
• 

  9 ways to ace your home inspection

  Here are nine ways homeowners can help their home inspections go more smoothly.