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Payment Calculator
To calculate monthly payment, fill out the form and click "Calculate".
Purchase Price:
*
Dollars
Down Payment:
Dollars
Mortgage Interest Rate:
*
Percent
Mortgage Term:
30 years
25 years
20 years
15 years
10 years
5 years
Dollars
Yearly Property Taxes:
Dollars
Yearly Insurance Premium:
Dollars
Include Amortization Table In Results?
*
No
Yes
Dollars
Please note that all payments are estimates. Actual payments may vary.
Monthly Payment
Monthly Taxes and Insurance :
$
Monthly Principal and Interest :
$
Your Total Monthly Payment would be :
$
Although your monthly payment is fixed, the amounts applied to principal and interest change as you make your payments. Initially, your payment is applied almost entirely to the interest you owe. The longer you pay on the loan, the greater the amount which is applied toward the principal.
The interest rate substantially influences the amount of your payment.
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