Real estate & rental
Real Estate House Payment Calculator
The full monthly payment: principal, interest, taxes, insurance and any association dues.
Result
An arithmetic tool, not financial or legal advice. Lending criteria, tax treatment and tenancy law all vary by state and change regularly. Confirm anything that affects a decision with a lender, an accountant or an attorney. Property taxes and insurance both rise over time, often faster than general inflation, so an escrow figure accurate today will not be in five years. Mortgage insurance usually drops off once equity reaches 20%, but the rules differ between loan types and some require a refinance.
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About this calculator
Why is my payment higher than the mortgage calculator said?
Because most quote principal and interest only. Taxes, insurance, mortgage insurance and association dues are frequently a third of the real payment.
When does mortgage insurance stop?
On conventional loans, generally once you reach 20% equity, automatically at 22% by amortisation. On some government-backed loans it lasts the life of the loan unless you refinance.
The formula
payment = P x i / (1 - (1 + i)^-n), plus monthly taxes, insurance, HOA and any mortgage insurance
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