Mortgage Calculator

Enter your home loan information below to get a detailed explanation of how to calculate your monthly payment. Additionally, you will see the year-by-year amoritization schedule.

Purchase & Financing Information

Sale Price of Home: (dollars)
Percentage Down: %
Mortgage Interest Rate: %
Length of Mortgage: years
Assessed Home Value: (dollars)

The assessed value is used to compute property taxes. On average, properties are assessed at about 85% of their selling price. If you know the actual assessed value for this property, enter it here. If not, leave zero and we'll use 85% of the sale price.

Property Tax Rate: (dollars per $1000)

Property tax rates vary between states and towns. The US average is about $13.80 for every $1000 of the assessed home value.

Condo/Monthly Fee(s): (dollars)
Explain Calculations: Show the calculations and amortization
 

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan. This calculator automatically factors in PMI for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes based on the mortgaged property's assessed valued.