United Guaranty's Mortgage Insurance Calculator
Fill in the blanks below.   Click the "Calculate" button when you are finished.
   General Loan Assumptions (Loans above 97% LTV are not eligible for mortgage insurance)  
   Purchase Price:    Loan Type:
   Loan Amount:    Taxes/Insurance/HOA (Monthly):
   Interest Rate: %    Interest-only?  
   Term: months    Months Interest-only:

   Piggyback Loan Assumptions
   First Loan Amount:    First Loan Rate: %
   Second Loan Amount:    Second Loan Rate: %
   Second Loan Term: months    Second Loan Interest Only?
   Annual Rate Adjustment.: %    Life Time Rate Adj.: %

   Loans to Compare*
   Loan 1
   Loan 2
   Loan 3

   Additional Information**
   Tax Bracket: Investor Property Manufactured Housing
   Rate-Term Refinance Cash-Out Refinance Second Home
   Paid Annually Potential Neg-Am Relocation

 

Loan Amount / CLTV

First Loan P&I

Second Loan P&I

Monthly MI

Taxes / Ins / HOA

Total Monthly Payment

First-Year Tax Savings

Effective First-Year Monthly Payment**

Year 4 Payment

Year 6 Payment

Year 10 Payment

This calculator is provided for informational purposes only, and in providing this calculator United Guaranty is not rendering any legal, accounting, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional should be sought.
*To determine the premium rate for Monthly MI with an LTV higher than 95%, it is assumed the loan is Affordable Housing and the credit score is at least 700.
To determine the premium rate for Financed MI, a credit score of 700 is assumed.
**Effective First-Year Monthly Payment is an estimate based on the assumption that the borrower is eligible for the entire deduction. This payment is calculated by subtracting the monthly tax savings from the Total Monthly Payment. The Total Monthly Payment is still the amount of mortgage that must be paid every month. United Guaranty does not offer tax advise and if assistance in tax matters is needed then the services of a competent professional should be sought.