Use the mortgage calculator below to calculate the monthly payments of a home mortgage loan, based on the home’s sale price, the term of the loan desired, the down payment percentage, and the loan’s interest rate. This calculator factors in Private Mortgage Insurance (PMI) for loans where less than 20% is put as a down payment. Also taken into consideration are the property taxes and their effect on the total monthly mortgage payment.
Please note: This tool is intended to be used to create estimates only. Please consult a professional RE/MAX Coast and Country Broker for further assistance.