The Best Mortgage Calculator is a PITI Calculator
What is the best mortgage calculator to use? One that is designed to keep you out of trouble by including all the hidden fees.
Most mortgage payments include five parts: principal, interest, taxes,Mbt Schuhe Sawa Schwarze Frauen, insurance (PITI), private mortgage insurance (p.m.i.) Most on-line calculators only give you estimated principal and interest payments. The lender will likely collect the other three parts as well. These other three can add up to hundreds of dollars. So, when calculating house payments,Männer MBT Imara schwarz Shoes, to get a really accurate estimate of your total house payment,Hogan Grigio Nero Uomo Interactive, you must include all five parts.
You will not have to pay p.m.i if you put 20% down,Christian Louboutin chaussures simple pompe 70mmvente au rabais, (read that again...it can save you a ton) or if refinancing,MBT Tunisha Schuhe, you have at least 20% equity in your home. P.M.I. averages anywhere from $50 to $250 a month depending on your loan amount.
The best mortgage calculator to use is one that will at least give you a payment including principal,Neue MBT Schuhe Herren Schwarz Nafasi, interest,Mbt Kipimo Verkauf Schwarz, taxes,Christian Louboutin Ron Ron chaussures Chartreuse 100mmLivraison gratuite pour vous, and p.m.i. In my area of the country, tax rates run about 1% of the home's assessed value. The taxes on a $200,chick here,000 home are about $2000 a year.
On a good internet mortgage calculator,Mbt Schuhe Raha, there will be a box for the tax rate so that your property taxes can be figured into your payment. If you do not know the tax rate in your area, call your county tax assessor's office or find a copy of your last tax bill.
Finally, having accounted for principal, interest, taxes, AND p.m.i., you will want to add an amount to cover your home owner's insurance. A $200,000 home in America can be well insured for around $600-800 a year depending on location. This will add $50-70 a month onto your mortgage payment.
I searched hard but could not find an internet mortgage calculator that will give an estimated payment that includes all five parts.相关的主题文章：
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