Pocatello Mortgage Calculator

Below is a rough estimate of your monthly mortgage payment and does not constitute a guarantee. To determine your exact financing figures and options, contact a lender.

Please update the entries to reflect your actual circumstances. For additional information, click the '?' button next to each entry.

Interest Rate

The percentage of interest computed on the outstanding balance of your loan each month. Interest is the price you pay for borrowing money.

We have used a rate of 3%, but your lender will determine your actual rate according to your type of loan, credit rating, and points paid.

Interest Rate:  %

Mortgage Term

The life of your loan in years.

We have used a typical mortgage term of 30 years. Your lender will help you determine the term that is appropriate for your situation.

Mortgage Term:  years

Selling Price

The final selling price of the property, as negotiated between you and the seller.

We have used the asking price of the property, but you may actually pay more or less for the property.

Selling Price:

Down Payment

The amount of money you pay up front toward the purchase of your property. This figures determines your actual loan amount, which is the selling price minus the down payment.

We have applied a 5% down payment. A lender can generally give its best interest rate with 20% down.

Down Payment:

SHORTCUT:  Estimate my taxes and insurance below

Annual Property Tax

The amount you pay in property taxes each year, as determined by the county assessor.

We have used the asking price of the property as the assessed value and applied the 2010 tax levies corresponding to property within Pocatello city boundaries.

Annual Property Tax:

Homeowners Exemption

A tax break offered to homeowners on their primary residences.

We have applied the homeowners exemption to your property taxes. However, if the property is not your primary residence, or you do not declare it as such, you will receive no tax break.

Homeowners Exemption:

Annual Homeowners Insurance

The amount you pay in homeowners insurance each year. Homeowners insurance insures your property against certain natural and manmade disasters.

The actual cost of your insurance may vary substantially from our estimate depending on the coverage and insurance company you choose. We have applied a simple estimate of 0.5% of the selling price.

Annual Homeowners Insurance:

Annual Private Mortgage Insurance (PMI)

The amount you pay in private mortgage insurance (PMI). PMI protects the lender against a loss on a defaulted loan. It is generally required on loans with less than a 20% down payment.

The actual cost of your PMI may vary from our estimate depending on your lending institutions rates.

Private Mortgage Insurance:

Monthly Mortgage Payment:
Monthly Tax Payment:
Monthly Insurance Payment:
Monthly PMI Payment:

Total Monthly Payment:

DISCLAIMER:  This mortgage calculator is provided as a rough guide to your financing, but the figures produced DO NOT constitute a guarantee. Please contact a lender to determine your exact financing figures and options.