Home >> Mortgage and Refinance >> Mortgage Payment Calculator
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Mortgage Payment CalculatorMortgage Calculator will help you determine the monthly mortgage payments on your loan. |
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| Loan Amount | $ |
| Loan Length | years |
| Interest Rate | % |
This calculator calculates your monthly mortgage payment for a given loan amount, interest rate and loan length.
The results page will show the monthly mortgage payment which includes principal and interest (P+I), the total interest paid if loan is held to maturity, and total cost of loan equal to Interest + Principal.
Typically, if your loan-to-value (LTV) is more than 80%, the lenders will require that you obtain private mortgage insurance (PMI), however this calculator does not account for PMI. The reason is that today many lenders offer alternatives programs like 80:10:10 or 80:20 which do not require you to pay PMI.
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