Conventional Loan
Conventional Mortgage & PMI Estimator
Estimate your conventional loan payment with a built-in PMI estimator. Your credit score and down payment together drive the private mortgage insurance estimate, with no PMI assumed at 20% down or more.
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Loan-to-value: 80.000%
Drives your estimated PMI rate
Estimated monthly payment
$2,864.12
$2,334.95 P&I
Loan amount
$360,000.00
LTV 80.000%
Principal & interest
$2,334.95
Monthly PMI
$0.00
No PMI (≥20% down)
Tax + insurance + HOA
$529.17
Yearly Amortization Preview
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $24,182.74 | $3,836.69 | $356,163.31 |
| 2 | $23,915.60 | $4,103.83 | $352,059.47 |
| 3 | $23,629.86 | $4,389.58 | $347,669.90 |
| 4 | $23,324.23 | $4,695.21 | $342,974.68 |
| 5 | $22,997.31 | $5,022.13 | $337,952.55 |
| 6 | $22,647.63 | $5,371.81 | $332,580.74 |
| 7 | $22,273.60 | $5,745.84 | $326,834.90 |
| 8 | $21,873.53 | $6,145.91 | $320,688.99 |
| 9 | $21,445.60 | $6,573.84 | $314,115.16 |
| 10 | $20,987.88 | $7,031.56 | $307,083.60 |
| 11 | $20,498.28 | $7,521.15 | $299,562.44 |
| 12 | $19,974.60 | $8,044.84 | $291,517.61 |
| 13 | $19,414.46 | $8,604.98 | $282,912.63 |
| 14 | $18,815.31 | $9,204.13 | $273,708.50 |
| 15 | $18,174.45 | $9,844.99 | $263,863.51 |
| 16 | $17,488.96 | $10,530.48 | $253,333.03 |
| 17 | $16,755.74 | $11,263.69 | $242,069.34 |
| 18 | $15,971.48 | $12,047.96 | $230,021.37 |
| 19 | $15,132.60 | $12,886.84 | $217,134.54 |
| 20 | $14,235.32 | $13,784.12 | $203,350.42 |
| 21 | $13,275.56 | $14,743.88 | $188,606.54 |
| 22 | $12,248.97 | $15,770.47 | $172,836.07 |
| 23 | $11,150.91 | $16,868.53 | $155,967.54 |
| 24 | $9,976.39 | $18,043.05 | $137,924.49 |
| 25 | $8,720.08 | $19,299.35 | $118,625.13 |
| 26 | $7,376.31 | $20,643.13 | $97,982.01 |
| 27 | $5,938.97 | $22,080.47 | $75,901.54 |
| 28 | $4,401.56 | $23,617.88 | $52,283.66 |
| 29 | $2,757.09 | $25,262.35 | $27,021.31 |
| 30 | $998.13 | $27,021.31 | $0.00 |
How this is calculated
- PMI is estimated from your loan-to-value (LTV) and credit score using industry-average rate bands.
- This purchase estimate assumes no PMI with at least 20% down. On an existing loan, cancellation at 80% of original value requires a request and conditions; automatic termination generally occurs at 78% if payments are current.
- Conventional loans generally require 3–5% down and a credit score of 620+.
- Property tax and insurance are estimates — your lender will confirm actual escrow figures.
- Monthly payment = principal + interest + PMI + tax + insurance + HOA.
Important disclaimer
The figures produced by this calculator are estimates provided for informational and educational purposes only. They are not a commitment to lend, a loan estimate, or a guarantee of any terms, rate, or approval.
Actual costs depend on many factors the tool cannot fully account for, including your specific loan program, the property's location and type, your credit profile, debt-to-income ratio, income documentation, current market interest rates, mortgage insurance requirements, taxes, and insurance premiums.
Interest rates, fees, and program guidelines change frequently. For an accurate quote tailored to your situation, connect with a One Eleven Mortgage loan officer who can review your complete financial picture and provide live, personalized numbers.
Next Step
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Kahren can turn these estimates into a real plan with live rates and program options.