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Mortgage Calculator:

Number of Years: Step #1: Enter the length in years of your mortgage.
Interest Rate: Step #2: Enter the estimated interest rate of your loan.
Purchase Price (PP): Step #3: Enter the purchase price of your home.
Down Payment (DP): Step #4: Enter the amount of your down payment
Step #5: Click on [Compute].
Principle (PP-DP): This is the amount you are financing.
Mortgage Payment: This is a list of your itemized, monthly payments.
PMI Insurance: % of DP Some loans may not require that you have PMI Insurance.
Property Tax: % of PP = / 12 = *See note below
Insurance: % of PP = / 12 = *See note below
Total Monthly Payment: And this is your total monthly payment
*Note: You may need to adjust the tax rate and insurance rate for your area.

 
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Copyright © 2005 Kathy "Jo" Read