PMI Calculator
Online Home Equity is a website that provides access to home equity loans, lines of credit, 1st mortgage, second mortgages, and debt consolidation for existing homeowners or buyers.
For existing homeowners a PMI calculator (private mortgage insurance)can be quite useful to see what your options are like getting a first and second mortgage if the overall payment is lower.NOTE: Do not use commas in fields or you will get an error.
Your PMI rate (private mortgage insurance) may be higher if you provide less documentation such as no doc loans
Some lenders are even doing 90 to 95% loans with PMI already included in the rate so it best to check around because your calculation could be higher or lower than the actual payment