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Mortgage Calculator

Use this simple mortgage calculator to figure out what your monthly mortgage payments will be on any home you desire. Calculations are based on the home's sale price, the term of the loan, the down payment percentage, and the loan's interest rate. The calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is used as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information
Sale Price of Home:	(In Dollars)
Percentage Down:	%
Length of Mortgage:	years
Annual Interest Rate:	%
Explain Calculations:	Show me the calculations and amortization