Mortgage Calculator Tool
The calculator below will give you an idea of a mortgage payment under certain conditions. Input your loan amount and terms, as well as your down payment, and see what the result is by clicking "Calculate". Note: If you check the box next to "Show me the calculations and amortization", a full 30-year amortization schedule will be presented; otherwise a much shorter payment summary appears. For specific answers to your loan questions, please see our Financing Section.
This mortgage calculator can be used to figure out 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, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the property taxes, and their effect on the total monthly mortgage payment.
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