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 ...

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 ...