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Mortgage Calculator
The mortgage calculator is used to estimate monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, loan's interest rate, estimated monthly property taxes and estimated monthly homeowners insurance (Default numbers are used based on local averages. You are welcome to make changes to the numbers based on your unique situation). The calculator factors in PMI (Private Mortgage Insurance) for loans with less than a 20% down payment.
Purchase & Financing Information
Sale Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization