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.