What will your monthly mortgage payment be?
In the market for a new home? Find out how much you re likely to shell out each month for a new address.

Price of home:	$
Downpayment:	$
Interest rate: (%)
*Yearly property taxes:	$
*Homeowners insurance:	$

PRINCIPAL & INTEREST:	$
TAXES & INSURANCE:	$
*PMI:	$
TOTAL:	$

ABOUT THIS TOOL
*Term: We've assumed a 30-year term

*Property taxes: We've assumed a 1.5% property tax on the purchase price. Your rate, and ultimate tax bill, may differ significantly. For a more accurate total payment, enter your own estimated annual taxes.

*Homeowners insurance: Uses an annual premium of $0

*PMI: Your total payment includes an estimated $80 fee for private mortgage insurance (PMI) if your downpayment is less than 20% of the purchase price. Average PMI runs $50 to $80 per month on a median priced home of $159,000, according to the Mortgage Insurance Companies of America. But it can climb to $150 per month or more.