This mortgage calculator can be used to figure out 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 will return the estimate payment (principle and interest) and also PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Additionally, it will estimate Property taxes based on a estimated rate of $17 per $1000 of assessed value (assuming assessed value is 85% of the purchase price).
