Mortgage Calculator


There are several different terms used for a mortgage calculator:

  • Mortgage Loan Calculator
  • Mortgage Rate calculator
  • Mortgage Calculations
  • Mortgage Calc


    • These are all the same type of program just called different things.

    A mortgage calculator is an application that allows you to entire the amount that you wish to borrow, and the term for the mortgage (how long you wish to take the mortgage out for). It will then calculate the interest rate and your monthly repayments.

    The mortgage calculator on this site is free to use, as we believe that the use of a free mortgage calculator is a valuable resource.

    Purchase & Financing Information
    Sale Price of Home: (In Dollars)
    Percentage Down: %
    Length of Mortgage: years
    Annual Interest Rate: %
    Explain Calculations: Show me the calculations and amortization
     



    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 put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

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