PITI with MI by loan type
Mortgage Payment
Principal, interest, property tax, insurance, HOA and loan-specific mortgage insurance for conventional, FHA, VA and jumbo loans.
$
$
%
%
Texas averages ~1.6–2.5%
$
$
Estimated monthly payment
$3,662.13
First month, incl. escrow & MI
Loan amount
$405,000
LTV 90.00%
Total interest
$516,552
Over the full term
Payment breakdown
- Principal & interest$2,559.88
- Property tax$787.50
- Homeowners insurance$200.00
- Mortgage insurance$114.75
Mortgage insurance
Borrower-paid PMI at 0.34% annually, removed automatically at 78% scheduled LTV.
Monthly MI ends after payment 109 (9.1 years). Total MI paid: $12,508.
Estimates only. Conventional MI rates are representative; FHA MIP and VA funding fees follow current published schedules. Your actual payment depends on your credit, property, and final loan terms.