Total Monthly Payment
Combined monthly mortgage principal, interest, and PMI payment.
Example Result
Sample DataBased on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.
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What This Means
A sample property priced at $385,000 with $2,850/month rent has a total monthly payment of $2,049 at Purchase (Month 0). Your total monthly payment is the largest single deduction from NOI to arrive at cash flow. It represents your fixed debt obligation regardless of occupancy or rental income. Keeping this payment manageable relative to expected rent is critical for maintaining positive cash flow.
Where This Value Comes From
Total Monthly Payment is not entered directly — it is calculated from Monthly PMI. See the formula breakdown above and the detailed inputs below.
Inputs That Determine Total Monthly Payment
Platform Distribution
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Unlock Rental Property CalculatorWhy It Matters
Your total monthly payment is the largest single deduction from NOI to arrive at cash flow. It represents your fixed debt obligation regardless of occupancy or rental income. Keeping this payment manageable relative to expected rent is critical for maintaining positive cash flow.
Detailed Explanation
The Total Monthly Payment combines your principal and interest (P&I) payment with any Private Mortgage Insurance (PMI). This is the total amount you owe the lender each month. Note that this does not include property taxes, insurance, or HOA — those are separate operating expenses tracked in the NOI section.
Example
Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.
Related Calculations
Extra Principal Payment
UAdditional principal payment made each month beyond the required mortgage payment to accelerate loan
Remaining Mortgage Balance
UCurrent remaining principal balance on the mortgage based on the actual number of months since purch
Cumulative Principal Paydown
UTotal mortgage principal paid down over the actual ownership period.
Debt Service
2Total annual mortgage payments.
Debt Service Coverage Ratio
2Net Operating Income divided by annual debt service — measures ability to cover mortgage.
Loan to Value Ratio
ULoan amount as a percentage of property value.
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