This mortgage calculator can be used to calculate approximate monthly payments of a home mortgage loan based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans with less than a 20% down-payment. Also taken into consideration are the property taxes and their effect on the total monthly mortgage payment.

This calculator is intended as a tool for information purposes only. It is not to be construed as a contract to provide or procure mortgage financing, nor is it intended to imply that any person using it would qualify for and/or be approved for mortgage financing. For specific information regarding any mortgage loan you may be contemplating, please contact a mortgage lender.