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State of the United States Residential Mortgage Market in 2025
The above tool estimates monthly mortgage payments with taxes, insurance, PMI, HOA fees & more.
Click on the "define" & "more" tabs for a description of each input & how they are used in calculations.Set an input to zero to remove it from the calculation.
If property tax is 20 or below the calculator treats it as an annual assessment percentage based on the home's price.
Alasdair gillis todays mortgage
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If property tax is set above 20 the calculator presumes the amount entered is the annual assessment amount.
Home Value: the appraised value of a home. This is used in part to determine if property mortgage insurance (PMI) is needed.
Loan Amount: the amount a borrower is borrowing against the home. If the loan amount is above 80% of the appraisal then PMI is required until the loan is paid off enough to where the Loan-to-value (LTV) is below 80%.
Interest Rate: this is the quoted APR a bank charges the borrowe