APPLY RATES PREQUAL TOOLS LIBRARY CHECKLIST LOAN AGENTS


Mortgage Library

How much will my mortgage payment be?
 
Loan Information

 Loan Amount
 Interest Rate
 Years

Property Information

 Home Value
 Annual Taxes
 Annual Hazard Ins

Estimate Taxes and Insurance

Instructions

This simple calculator calculates your monthly payment based on your input. Select the Taxes and Insurance box to estimate your impounds (taxes, insurance, mortgage insurance). This calculator assumes conventional mortgage financing for calculating mortgage insurance.

Results
Monthly Principal & Interest: $899.33
Monthly Real Estate Taxes: $174.17
Monthly Hazard Insurance: $55.42
Monthly Mortgage Insurance: $0.00
Total Mortgage Payment: $1,128.91
Down Payment Amount: $40,000.00
Loan To Value Ratio: 78.95%

You may enter specific information about your annual taxes and hazard insurance, or may select the box the have this calculator estimate your annual taxes and insurance. In either case, the results displayed above are only estimates and cannot be used to determine actual loan costs. Please consult your tax advisor for information on the deductibility of interest for tax purpose. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.