AboutHowMuch.com HOME LOAN PAYMENT CALCULATOR FOR LAS CRUCES, NM AREA
Enter Your Name
Enter Todays Date
Enter "
City
" if the home is in the city of Las Cruces. Enter "
County
" if the house is not in the city limits.
Enter the type of loan: "
CONV"
for Conventional, "
FHA"
or "
VA
"
Enter "
1st
" if you’re a first time home buyer otherwise leave it blank.
Home Loan Payment Calculator
Enter Total Sales Price of the Home
Enter other costs to be financed into the Loan
TOTAL PRICE for Loan Calculation
Enter "
FHA
" for min. FHA Down or
% of Downpayment (5%,10%)
This is the PRINCIPAL Amount Financed
P
FHA Upfront MIP
or VA Funding Fee
TOTAL AMOUNT FINANCED
Enter the
INTEREST RATE
for the loan
(7.5%,6%,8% etc.)
I
Enter the
NUMBER OF YEARS
for the loan
(15,20,30)
Enter the
NUMBER OF PAYMENTS PER YEAR
(usually 12)
Enter the
START DATE
of the Loan
Your Estimated Monthly Principal and Interest Payment
PI
The Number of Payments You Will Make
Your Estimated Monthly Property Tax Payment Escrow Payment
T
Your Estimated Monthly Insurance Payment Escrow Payment
I
Your Estimated Monthly Mortgage Insurance Premium
MIP
ESTIMATED MONTLY TOTAL PAYMENT
PITI-MIP
MIP is removed When You Own 22% of Your Home (Equity)
Estimated Monthly Payment Without MIP
PITI