calculations

Calculate mortgage insurance

Mortgage insurance for any US loan programme, including the upfront charges most calculators omit. Conventional: monthly PMI and the month it cancels at 80% and 78% loan-to-value. FHA: the 1.75% upfront premium, monthly MIP, and whether it runs for the life of the loan or ends after 11 years. VA: the funding fee, tiered by down payment and prior use, and waivers. USDA: guarantee and annual fees.

post/api/v1/calculate-pmi

Request

  • Base URL: https://www.usmortgagecalc.com
  • URL: https://www.usmortgagecalc.com/api/v1/calculate-pmi
  • Auth: none declared

Request body

homePricenumber required

Purchase price of the home in US dollars.

downPaymentPercentnumber

Down payment as a percentage of the purchase price, 0 to 100. Not a dollar amount.

annualInterestRatePercentnumber

Annual nominal interest rate as a percentage, for example 6.5 for 6.5%.

loanTermYearsinteger

Loan term in years. Most US mortgages are 15 or 30.

loanType'conventional' | 'fha' | 'va' | 'usda'

Loan programme. Affects mortgage insurance and upfront fees.

monthlyExtraPrincipalnumber

Extra principal paid monthly.

creditScoreinteger

FHA only: sets the minimum down payment. 580+ qualifies for 3.5%.

vaSubsequentUseboolean

VA only: entitlement used before.

vaExemptFromFundingFeeboolean

VA only: funding fee waived.

Response

Calculation result.

dataobject

The calculation result.

Changes

No recorded changes to this operation across all 1 revision of this API.