This is a planning estimate, not a loan offer or commitment to lend. Property tax defaults to an approximation based on home price and location averages vary widely, so use your actual assessment if you have one. Mortgage insurance is estimated at about 0.6% of the loan per year and only applies with less than 20% down; actual PMI rates vary by lender and credit profile. For a rate based on your actual credit range, try the pre-approval estimator.