Mortgage Calculator Rental Expenses Amount Monthly rent payment: Monthly rental insurance: Mortgage Structure Details Mortgage term (years): Anticipated interest rate (APR %): Closing Costs: Property mortgage insurance (PMI %): Other Ownership Expenses Details Annual property taxes: Annual homeowners insurance: Monthly homeowners association dues: Downpayment 0% 5% 10% Mortgage size you could afford: Down payment w closing: Price of home: Monthly Payments Amount Principal & Interest PMI Property Taxes Homeowners Insurance HOA Fees Total Monthly Payment After subtracting the above costs, a homebuyer is left with $1,010.00 for loan principal and interest payments on a $1,010.00 monthly home payment budget. This monthly payment is associated with a home priced at $12,000.00 with a 0% down payment & a home priced at $13,333.33 with a 10% down payment.