Calculate Your Mortgage Payments

After you fall in love with your dream home -- you ask, "How much will my payments be?" Taking a few simple steps can save you thousands of dollars. It's like getting FREE MONEY!

Buying a home is most likely the largest investment you will ever make. So, it's important to know how much you will be paying for your home. You could be paying too much -- not for your home -- but for the loan. After the loan amount, the interest rate charged by your lending institution is the single most important element that determines how much you will pay.

Shop around for your loan. Contact several lending institutions. Ask them what interest rate they will charge you. Can you get a fixed rate? How can you avoid paying Private Mortgage Insurance (PMI)? Taking these steps can save you thousands of dollars.

Use this calculator to quickly find out how much your payments will be. Enter a variety of interest rates -- you will be surprised!

CALCULATE YOUR PAYMENTS
Loan Amount
Interest Rate	%
Payments Will Be Made	Times a Year
Loan Will Be For	Years
Loan Will Begin On
Annual Property Taxes
Annual Insurance
Annual PMI


Payments Without Taxes & Insurances
Payments With Taxes & Insurances
Total Interest
Total Payments

AMORTIZE YOUR LOAN...

Please be patient, the amortization might take a few seconds.

To use this calculator:

Enter the loan amount, the interest rate, how many times a year you will make payments, and when the loan will begin. Then click the Calculate button to get your answer.

Optionally, you can include your annual real estate property taxes, property insurance, and Private Mortgage Insurance to get a more accurate payment amount.

To create an amortization schedule, click the Amortize button.

As always, the results of the calculations are close estimates. Talk to your lending institution and insurance company before making your final decision.


Home \| Visual Tours \| Search MLS \| Communities \| Home Value \| Buying \| Selling \| Financing \| Calculators \| About \| Contact