How it works, and rates from Freddie Mac
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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. The mortgage and payment information provided is for educational purposes only and is not a substitute for advice from a qualified mortgage professional. We do not guarantee the applicability of this information to your circumstances. |
