Mortgage Calculators

Monthly Payment Calculator

The following calculator will help you determine what your monthly mortgage payment will be, given a loan amount, interest rate and term (in years). Selecting a payment type of "Principal + Interest" will calculate an amortized monthly mortgage payment, leaving a zero balance at the end of the loan term. Selecting "Interest Only" will calculate a monthly mortgage payment where no principal is paid and a balloon payment of the full loan amount is due at the end of the loan term.
$    What is the purchase price of the home you are interested in?
  % What percentage of the purchase price do you want to put down on the new home purchase?
  % What is the interest rate of the new home loan?
      What is the term of the mortgage? (number of years financed).
      This is what your calculated monthly payment would be.
$    What are the yearly property taxes on the new home?
$    What does the homeowners insurance cost per year?
      This is your total monthly payment with taxes and insurance.

 

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