Mortgage Calculators

	Mortgage Calculator This calculator will help you determine the monthly mortgage payments on your loan.

Loan Amount	$
Loan Length	years
Interest Rate	%

 

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Calculator Help

This calculator calculates your monthly mortgage payment for a given loan amount, interest rate and loan length.

The results page will show the monthly mortgage payment which includes principal and interest (P+I), the total interest paid if loan is held to maturity, and total cost of loan equal to Interest [?] + Principal [?].

Typically, if your loan-to-value (LTV) [?] is more than 80%, the lenders will require that you obtain private mortgage insurance (PMI) [?], however this calculator does not account for PMI. The reason is that today many lenders offer alternatives programs like 80:10:10 [?] or 80:20 [?] which do not require you to pay PMI.

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