Using the Mortgage Insurance Calculator
Do you wish you could lower your mortgage payment amount? Using the mortgage insurance calculator, see firsthand how increasing your down payment lowers your insurance requirements. Seeing the total mortgage insurance fee may motivate you to make a larger down payment. The calculator shows your total mortgage insurance due over the loan’s term, and the total cost of the mortgage with the mortgage insurance included.
Use the calculators provided to make your mortgage decisions. Whether you don’t know how much to put down, how much you must save, or even what a mortgage payment includes, these calculators help you understand your financial position, how much you need to qualify for a loan, and how to move forward with the mortgage process.
The insurance payment is calculated into your mortgage payment and does not have to be paid separately.