| Purchase Price |
|
The total purchase price of the home that you wish to buy. |
| Interest Rate |
|
The expected percent interest rate you will get on your mortgage. |
| Down Payment |
|
The percent down payment you wish to put towards the home. This affects whether or not you will have to pay PMI or not. If you pay 20% down or more you will not have to pay PMI (Private Mortgage Insurance). |
| Term |
|
The number of years it will take to repay the loan amount (30 years is common). |
Mortgage and Amortization Calculator |
This calculator will show you the amortization schedule and breakdown of your payments made towards a home loan.
| Calculations by this calculator are estimates only. There is no warranty for the accuracy of the results or the relationship to your financial situation. Powered by www.patricia-beck.com |