Pocatello Mortgage Calculator

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. Your lender will determine your actual rate based on your type of loan, credit rating, and points paid.

Mortgage Term

The life of your loan in years. A typical mortgage term is 30 years. Your lender will help you determine the term that is appropriate for your situation.

Selling Price

The final selling price of the property, as negotiated between you and the seller. You may pay more or less than the asking 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. A lender can generally give its best interest rate with 20% down.

Annual Property Tax

The amount you pay in property taxes each year, as determined by the county assessor. The tax levies for a property within Pocatello city limits in 2017 is 0.023729804.

Homeowners Exemption

A tax break offered to homeowners on their primary residences. If the property is not your primary residence, or you do not declare it as such, you will receive no tax break.

Annual Homeowners Insurance

The amount you pay in homeowners insurance each year, which insures your property against certain natural and manmade disasters. The actual cost of your insurance will vary greatly depending on your coverage and your insurance company.

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 depending on your lending institutions rates.

Monthly Mortgage Payment

Monthly Tax Payment

Monthly Insurance Payment

Monthly PMI Payment

Total Monthly Payment