HOW TO CALCULATE
Input your expected loan amount. For example, if you are purchasing a property that is $400,000 with a 20% down conventional loan, you would be borrowing $320,000.
Input your ideal Interest Rate. Keep in mind the better your credit score the better the rate you may qualify for.
Input the desired length of your loan. Most mortgages are for a 30-year period.
Input Mortgage Insurance, keep in mind this is only for loans with less than 20% down payment.
Input your annual Hazard Insurance payment.
Input your annual County Property Tax payment.
The total monthly payment result will be displayed in the yellow box below.
You can click on the Ammortization Schedule button to see all of your payments detailed for the length of your loan.