To estimate the property taxes, use 0.60% of the purchase price and for property insurance, use 0.30% of the purchase price.
To estimate private mortgage insurance (PMI), use the following table:
Down Payment | PMI Factor |
3% to 4.99% | 1.15% |
5.00% to 9.99% | 0.67% |
10.00% to 14.99% | 0.49% |
15.00% to 19.99% | 0.32% |
20% and greater | 0.00% |