PMI Options
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Total Home Cost\$435,000.00
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20% Value (GOAL)\$87,000.00
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Delta to 20%\$43,500.00
<< Change to show the amount needed to hit 20%
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Monthly PMI Payment
\$111.00
<< Change to show your monthly pmi payment
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No AdditionalOption 1Option 2Option 3Option 4Option 5Option 6Net Zero
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Set monthly payment
\$2,902.00\$2,902.00\$2,902.00\$2,902.00\$2,902.00\$2,902.00\$2,902.00\$2,902.00
<< Change to reflect your total required monthly payment. I used mortgage + PMI + HOA + insurance + property taxes
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Monthly principle\$551.00\$651.00\$801.00\$1,051.00\$1,301.00\$1,551.00\$2,051.00\$907.27
<< Change to show what portion of monthly payment goes directly towards principle (ask your lender!)
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\$0.00\$100.00\$250.00\$500.00\$750.00\$1,000.00\$1,500.00\$356.27
<< Play with these numbers - how much more can you put towards your principle? See how it changes the total PMI payment below
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Total monthly payment
\$2,902.00\$3,002.00\$3,152.00\$3,402.00\$3,652.00\$3,902.00\$4,402.00\$3,258.27
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No. months to 20%78.9473684266.820276554.307116141.3891531933.435818628.0464216621.2091662647.95
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No. years to 20%6.5789473685.5683563754.5255930093.4490960992.7863182172.3372018051.7674305224.00
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Total PMI Paid\$8,763.16\$7,417.05\$6,028.09\$4,594.20\$3,711.38\$3,113.15\$2,354.22\$5,322.00
<< How do these options compare to the cost of paying PMI up front?
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^^ Cost of paying PMI up front
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