Kwabs.com Mortgage Calculators
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What Better: take a Second Loan or Pay PMI?
Input Information
Property Information
Home Value :
($)
Additional Information
Annual PMI :
($)
(%)
Down Payment :
5 %
10 %
15 %
Standard
80% Loan
Second Loan
Interest Rate :
(%)
(%)
(%)
Length :
Yrs
Yrs
Yrs
Points :
(%)
(%)
(%)
Closing Cost :
($)
($)
($)
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Show Schedule Table
Financial Analysis
Standard
80% Loan
Second
Points Value :
$2,700.00
$3,600.00
$300.00
Closing Cost :
$1,200.00
$700.00
$1,000.00
Total Closing Cost :
$3,900.00
$5,600.00
Down Payment :
$30,000.00
Upfront Cost :
$33,900.00
$35,600.00
Amount Financed :
$270,000.00
$240,000.00
$30,000.00
Monthly PI :
$1,408.45
$1,166.65
$253.16
Months With PMI :
75
0
0
Monthly PMI :
$112.50
$0.00
$0.00
Monthly Payment :
$1,520.95
$1,419.81
Total Interest Paid :
$237,041.21
$195,561.54
Total PMI :
$8,437.50
$0.00
$0.00
Total Payments :
$515,473.16
$465,556.26
DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.
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Nyack, NY, USA
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