Realty Lending has provided you with an extensive list of mortgage calculators in hopes that you find the one that will support you in your planning process. Each calculation result can be printed in the form of a PDF document.

What is Better: take a Second Loan or Pay PMI?

Input Information

Property Information
Home Value :		($)
Additional Information
Annual PMI :		($) (%)
Down Payment :		5 % 10 % 15 %
	Standard	80% Loan	Second Loan
Interest Rate :	(%)	(%)	(%)
Length :	Yrs	Yrs	Yrs
Points :	(%)	(%)	(%)
Closing Cost :	($)	($)	($)
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Financial Analysis

	Standard	80% Loan	Second
Points Value :	$2,700.00	$3,600.00	$300.00
Closing Cost :	$1,200.00	$700.00	$1,000.00
Total Closing Cost :	$3,900.00	$5,600.00
Down Payment :	$30,000.00
Upfront Cost :	$33,900.00	$35,600.00
Amount Financed :	$270,000.00	$240,000.00	$30,000.00
Monthly PI :	$1,408.45	$1,166.65	$253.16
Months With PMI :	75	0	0
Monthly PMI :	$112.50	$0.00	$0.00
Monthly Payment :	$1,520.95	$1,419.81
Total Interest Paid :	$237,041.21	$195,561.54
Total PMI :	$8,437.50	$0.00	$0.00
Total Payments :	$515,473.16	$465,556.26

Realty Lending LLC
A	10940 S. Parker Rd. #237
	Parker, Colorado 80134
P	(303) 840-1546
E	info@realtylending.net

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