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Mortgage Payment Calculator

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Description
This calculator figures your monthly mortgage payment based on the loan amount, interest rate and length of the loan. Select the 'Estimate for me' option to estimate your impounds (taxes, insurance, mortgage insurance).

Mortgage Payment Calculator
Loan Information
Loan Amount ($)  Glossary of Terms
Interest Rate (%)  Glossary of Terms
Length of Loan (Yrs)  Glossary of Terms


Property Information
Home Value ($)  Glossary of Terms

Taxes & Insurance
Annual Taxes ($)  Glossary of Terms
Annual Hazard Insurance ($)  Glossary of Terms
Estimate for me
Let me enter manually
Do not include

Result
Monthly Principal & Interest: $899.33
Monthly Real Estate Taxes: $0.00
Monthly Hazard Insurance: $0.00
Monthly PMI: $0.00
Total Mortgage Payment: $899.33
Loan To Value: 78.95%

Glossary of Terms
Loan Amount: Money borrowed that is usually repaid with interest. Return to Top
Interest Rate: The amount of interest charged on a monthly loan payment; usually expressed as a percentage. Return to Top
Length of Loan: The number of years required to pay off the principal and interest of the loan. Return to Top
Home Value: The amount of money paid to purchase the property. Return to Top
Annual Taxes: Annual taxes covers all taxes paid to maintain upkeep of the property. It includes property taxes, school taxes and water taxes. Return to Top
Annual Hazard Insurance: Premiums paid out for the year to purchase an insurance policy that combines personal liability insurance and hazard insurance for a home and its contents. Return to Top

Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts.