Combination Mortgage Calculator

Calculate payments for an 80-10-10 or other combination mortgage to avoid PMI.

Home Purchase

Home Price

Down Payment10 %

5 %20 %

First Mortgage (% of Home)80 %

70 %80 %

First Mortgage Rate

Second Mortgage Rate

Loan Term30 years

15 years30 years

Down Payment$40,000.00

First Mortgage$320,000.00

Second Mortgage$40,000.00

First Mortgage Payment$2,022.62

Second Mortgage Payment$382.26

Total Monthly Payment$2,404.88

Blended Rate6.7%

Avoids PMIYes