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Mortgage Calculator — $200K First-Time Buyer (5% Down)
Monthly payment for a first-time buyer with 5% down on a $200,000 home, including PMI.
Monthly P&I
$1,264.07
PMI (if applicable)
$118.75/mo
Property Tax (est.)
$200.00/mo
Total Monthly Payment
$1,707.82
Total Interest Paid
$265,066.91
Loan Amount
$190,000.00
PMI (~0.5–1%) required for down payments under 20%. Property tax estimated at 1.2% annually.
PMI (~0.5–1%) required for down payments under 20%. Property tax estimated at 1.2% annually.