Your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment. Even the value of your home will affect your payment.

Just as an example, let's say you are borrowing $339500 for 30 years with an interest rate of 4.5%. If the value of your home is $350000, your property taxes $4375 per year and your insurance is $1750 per year, you can expect to be making a total payment of $843,294.48. This is because you need to pay $619271 toward the actual loan, plus $365 for real estate taxes and $146 toward insurance.

Since your loan to value ratio is 97.00%, you will also have to pay PMI for 108 months which will add an extra 177 a month. Don't forget to drop the PMI when the 108 months is complete and you might save yourself some money each month. Canceling your PMI earlier than this will require a reappraisal of your home in most cases.