![]() The actual monthly tax amount could be lower or higher. This estimate is based on the value of the home and the property tax rates in the county and city where it is located. Estimated Taxes – The estimated taxes are the property taxes that will be included in your monthly mortgage payment.The mortgage insurance estimate shows you how much of each mortgage payment will be comprised of your mortgage insurance payment. If you are applying for an FHA-backed loan, you’ll be required to carry FHA mortgage insurance. Mortgage Insurance – If you are applying for a conventional mortgage and plan to make a down payment of less than 20%, you’ll be required to carry private mortgage insurance (PMI).Your total monthly payment will include the monthly amounts of your principal and interest, homeowner’s insurance, any mortgage insurance that might be required, and property taxes. Principal & Interest – The fee sheet will provide an estimate of the principal and interest you’ll pay with each mortgage payment.Our calculator calculates estimated fees and costs for all of the following: ![]() When you use the mortgage calculator tool, you can review a fee summary sheet, which serves as a one-stop method of understanding everything you should know about a potential mortgage offer. We believe in transparency and want potential buyers to be able to understand what they might expect when they apply for mortgages. The Most Comprehensive Utah Mortgage Calculator (PMI + Taxes & More)Īt City Creek Mortgage, we have developed a comprehensive mortgage calculator tool for homebuyers in Utah. We’d rather be 100% transparent with your quote than give you an oversimplistic answer to something as complex as your mortgage. ![]() If so, call us and we’ll talk you through your mortgage calculation. Using our calculator, you may see costs or fees with names you’re not familiar with. ![]()
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