This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home’s sale price, the lot price, the term of the loan desired, buyer’s down payment percentage, and the loan’s interest rate.
Although we strive to ensure accuracy, this calculator is meant as a tool to guide you through the home buying process. Please consult your mortgage professional for the most up to date information.
Sale Price Of Lot ($)
Sale Price of Home ($)
Percentage Down (%)
Mortgage Length (years)
Interest Rate (%)
   
Down Payment
Amount Financed
Monthly Payment
PMI if applicable (approximate)
Taxes (approximate)
Total Monthly Payment
   

This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.