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 used as a down payment. Also taken into consideration are property taxes and their effect on the total monthly mortgage payment.
*The accuracy of this calculator is not guaranteed. The values are approximate and are intended to be used as a guide. Please contact the lender for more exact figures.