Mortgage Payment Calculator & Amortization Builder

(Big thanks to Dave Tufts for this calculator!)

Purchase & Financing Information
Sale Price of Home:   (In Dollars)
Percentage Down:   %
Length of Mortgage:   years
Annual Interest Rate:   %
Annual Homeowner's Insurance:   (In Dollars)
Explain Calculations: (Shows the calculations and amortization.)
 

This mortgage calculator can estimate the monthly payments of a home mortgage loan.

Calculations are based on the home's sale price, the term of the loan desired, the buyer's down payment percentage, and the loan's interest rate. This calculator also estimates PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Additionally, the effects of homeowner's insurance and property taxes on the total monthly mortgage payment are estimated.