Mortgage Calculator with PMI

This works out the monthly payment on a home loan when the down payment is under twenty per cent and the loan carries private mortgage insurance. Enter the price, the down payment, the rate, the term and the annual PMI rate, plus property tax, home insurance and HOA dues if you have them, and it returns the payment while the insurance is on the loan, the payment once it comes off, and both the eighty per cent request month and the seventy-eight per cent automatic month. A second action lines up three, five, ten, fifteen and twenty per cent down at the one rate so the cost of the insurance is visible at each. The drop-off months are read off the original schedule against the price you enter, so a later appraisal that raises the value is not part of it.