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.
This calculator is designed to be an informational and educational tool only, and when used alone, does not constitute investment, financial, or tax advice. We strongly recommend that you seek the advice of a professional before making any type of decision. We also encourage you to review your investment strategy periodically as your financial circumstances and the tax laws change. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual performance of your own investments. We are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this calculator.