True Home Cost Calculator
Home Price
$
Down Payment
$
(12.5% Down)
Loan Type
Interest Rate
%
Property Tax
%
Home Insurance (per year)
$
HOA Fees (per month)
$
PMI (if less than 20% down)
The average PMI percentage is 0.2% to 2% of the loan amount per year. There are a couple factors to what your PMI will be, but generally the closer you are to 20% down and the higher your credit score, the lower your PMI.
%
Payment Breakdown
Total Monthly Payment: $2,728
Name
Cost
Principal
$316.4
Interest
$1,895.83
Property Tax
$187
Insurance
$33
HOA
$150
PMI
$146
Non-Principal Costs
$2,412
Note: On average, you'll also spend 1-4% of your home's value per year on maintenance, depending on factors like the age of the home, materials, and location. For your home, that would be between $333 and $1,333 per month.