FHA USDA mortgage calculator app that calculates your total monthly mortgage payment.
We've all seen the mortgage calculators that show you can buy a $200,000 home for only $800 per month. When you read the fine print it states this is principal & interest only with 20% down.
This mortgage calculator includes the up front and monthly mortgage insurance along with estimated taxes & home insurance to give you a more accurate monthly mortgage payment.
FHA loans it automatically calculates up front mortgage & monthly mortgage insurance "pmi"
USDA Rural Development loans it automatically calculates up front guarantee fee & monthly mortgage insurance.