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Mortgage Info > Mortgage Calculators >80/20 Piggy Back Mortgage Calculator 

Piggy Back Mortgage Calculator

80/20 Piggy Back Mortgage Comparison Calculator - A piggy back mortgage is when two mortgage loans are used simultaneous to purchase a home to avoid PMI (private mortgage insurance). This may be done as an 80/20, 80/15 or 80/10 mortgage. Use this mortgage calculator to view monthly mortgage payment differences between a piggy back loan and a traditional mortgage with PMI. Comparison assumes the same mortgage interest rate for both of the first mortgages.

Piggy Back Mortgage Calculator Instructions

Step 1:  Enter Sales Price
Step 2:  Select LTV of Each loan, Mortgage Rates and Terms 
Step 3:  Click "Calculate Piggy Back Mortgage" and view results below.

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Piggy Back Mortgage vs. Single Mortgage w/ PMI Loan Comparison Calculator ///
 Sales Price  
First Mortgage Second Mortgage
Loan to Value of  Each Loan
Interest Rate
Terms of Mortgage  
 
Piggy Back Mortgage Summary ///
First Mortgage Second Mortgage
Loan Amounts  
Mortgage Payments
Total Monthly Mortgage Payments (1st. & 2nd.) 
Piggy Back Mortgage Vs. PMI Mortgage Loan Comparison ///
Loan Comparison Piggy Back Mortgage Mortgage w/ PMI
Sales Price
Down Payment
Total Loan Amount
First Mtg. Payment  
Second Mtg. Payment 
Private Mortgage Insurance
Total Mortgage Payments*
* Note: PMI may vary sligthly dependant on area and loan types. Payment does not include property taxes or insurance. This mortgage calculator is for information comparison only. PMI based on California rates with first loan amount below $410,000.
 

This piggyback mortgage caluclates all types of piggy back mortgages such as the 80/20 mortgage, 80/15 mortgage, 80/10, 75/25 mortgages and the 70/30 mortgage. For complete details of the various piggy back mortgage loans please feel free to call Jessie J. Beaudoin at 800-931-7377.

 

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