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Figure out your payment before you buy

To use the loan calculator all you need to do is fill out the relevant fields. Then you can see what your payment may be!

Sale Price You can enter any dollar amount in the Sale Price field for calculating an amortization schedule.	$
Annual Interest Rate You can enter any number (whole or decimal) to use as the annual interest rate for the amortization schedule	%
Term of Loan This is the length of the hypothetical loan in years.	Years
Down Payment The down payment (in dollars) is subtracted from the sale price before the amortization schedule is calculated.	$ %
Property Tax Enter the annual Property Tax amount. This amount will be calculated above as Monthly Payment: Taxes.	$ %
Homeowner Insurance Enter the annual Homeowner Insurance amount. This amount will be calculated above as Monthly Payment: Insurance.	$ %
HOA Fee A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.	$

*Disclaimer: This mortgage calculator is intended for illustrative purposes only, is not deemed accurate, and should not be relied upon by the user. The user acknowledges and agrees that many other costs are involved in the calculation of a loan payment and that interest rates fluctuate. The user should consult a financial professional to obtain actual costs and figures for a loan on any property.

Monthly Payment: $

Sales Price You can enter any dollar amount in the Sale Price field for calculating an amortization schedule.	$250,000.00
Annual Interest Rate You can enter any number (whole or decimal) to use as the annual interest rate for the amortization schedule.
Down Payment The down payment (in dollars) is subtracted from the sale price before the amortization schedule is calculated.
Loan Principal The amount to be considered in calculating the monthly payment.
Payment (P&I) The monthly payment for Principal and Interest only (P&I)
Payment (P&I, PMI) Monthly Principal and Interest (P&I) Payment plus monthly Private Mortgage Insurance (PMI) payment. PMI is estimated at the rate of $55 for every $100,000 of value.
Payment (P&I, PMI, T&I) Monthly Principal and Interest (P&I) Payment plus monthly Private Mortgage Insurance (PMI) payment plus monthly Taxes and Insurance (T&I) estimated. PMI is estimated at the rate of $55 for every $100,000 of value. T&I is estimated at the rate of $9 for every $1000 of value - yearly.
Total Int (No pre-payment) Total Interest paid over the life of the loan - disregarding any pre-payment.
Total Payments The sum of the total interest plus the amount of the loan.
Average Monthly Interest The total interest paid divided by the number of monthly payments.

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Figure out your payment before you buy

Monthly Payment: $

Frequently Asked Questions

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