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February 13, 2009, Newsletter Issue #155: Finding a PMI Mortgage Calculator Online
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Tip of the Week
For homebuyers looking to borrow a large portion of their home costs, using a PMI mortgage calculator is an important step to take into account. When borrowing more than 80% of the value of your home, you will need to pay PMI. To get an accurate view of your monthly payments, you should use a PMI mortgage calculator.
Finding these are easy and here are a few places to look on the Internet. First, use search engines and search for “PMI mortgage calculator”. You will instantly get hundreds of thousands of results for websites offering these online calculators. If you do not find any there that seem to give you the right calculations, move on to larger, better known financial resource sites.
Websites such as our sponsor's have lots of resources, including PMI mortgage calculators, to help you make the best home mortgage choices. There are other places on the Web such as directories and financial news sites that have PMI mortgage calculators for public use. In the end, the calculations should all be the same. It is a matter of knowing what each lender will charge in terms of the percentage that will be the final question you need answered.
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