Simple & easy piggyback mortgage loan calculator to avoid pmi

Animated calculatorEasily calculate the payment and down payment for a 80-15-5, 80-10-10 or an 80-20 loan, also known as a piggyback mortgage.

Using two loans rather than one mortgage is a way to get rid of the mortgage insurance premium.

  Piggyback Loan & Payment     Combined Piggyback Payment
  Enter Sales Price     1st Loan Payment  
  Piggyback Loan     2nd Loan Payment  
  Down Payment     Total (1st & 2nd)  
  Annual Real Estate Taxes     1/12 Real estate taxes  
  Annual Homeowners Ins     1/12 Homeowners ins  
  Other (annual)     Other  
        Total Monthly Payment  
         
  1st Loan Payment     2nd Loan Payment  
       
  Term     Term  
  Mortgage Amount     Mortgage Amount  
  Payment     Payment