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Sandra Said:

Do the online mortgage calculators take into consideration taxes and mortgage insurance?

We Answered:

In general, "NO". some will give you an opportunity to put in taxes, insurance, and PMI.

Adrian Said:

Mortgage Calculators?

We Answered:

Your mortgage broker can supply most of the information you will need.

If you wanted to do this by yourself consider the following.

You can figure out the mortgage payment with the online calculators.

The property taxes are set by the county and there will be information that they can provide. Depending on how the taxes will be paid it might be something you pay in 2 payments or it might be paid through an escrow (divide by 12 after the account is set up with an initial amount).

The insurance can be obtained by getting a quote from an insurance agent. Monthly or some other payment plan is up to you and the lender.

PMI is only a factor for some loans. The key is the down payment. Best to get a quote from a mortgage broker to see what loans you might qualify for and if PMI is required. There are loan options where you would not have PMI while still having a high loan to value.

Fred Said:

Survey: How much are your mortgage payments?

We Answered:

140,000 pay 1200 a month for all in St louis mo

Brad Said:

The mortgage calculators that I find online don't cout taxes and insurance, right?

We Answered:

Mortgage calculators are almost always accurate - but use 2 different ones and make sure you enter the information accurately. You are right they don't include taxes and insurance. You will have to add them as well as utilities - heating, electricity, water - which some renters do not pay for.