How to use this mortgage calculator Motley Fool Money's mortgage affordability calculator with PMI, interest, and property taxes helps you understand how much a home loan will cost. It also makes it ...

Home price What you pay for the home (if buying) or your home's current value (if refinancing). Down payment (20%) The cash you pay upfront when buying a home as a percentage of your full loan amount.

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

I can get a loan with 5% down, 0.5% private mortgage insurance, or PMI, and around a 5% mortgage interest rate on a $130,000 home. I have figured that I can comfortably make an extra $300 in ...

Barry Nielsen is the owner and operator of MortgageGraphics Inc. He has 20 years of experience in the mortgage and lending business. Eric's career includes extensive work in both public and corporate ...

Private mortgage insurance (PMI) is an extra monthly fee that you pay on a conventional mortgage if you put less than 20 percent down. PMI must be terminated at a certain point in your loan term or ...

Lenders offer numerous loan programs with lower down payment requirements to fit a variety of budgets and buyer needs. If you put down less than 20% of a home's purchase price, though, expect to pay ...