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Mortgage Calculator — 5% Down, First-Time Buyer

First-time buyer: $350K home with 5% down ($17,500). Shows PMI cost and total monthly payment.

Home Price ($)

Down Payment (%) (%)

Loan Term

Interest Rate (%) (%)

Monthly P&I

$2,212.13

PMI (if applicable)

$207.81/mo

Property Tax (est.)

$350.00/mo

Total Monthly Payment

$2,894.94

Total Interest Paid

$463,867.09

Loan Amount

$332,500.00

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.