Mortgage Calculator

Purchase & Financing Information

Sale Price of Home:	(dollars)
Percentage Down:	%
Mortgage Interest Rate:	%
Length of Mortgage:	years
Assessed Home Value:	(dollars) The assessed value is used to compute property taxes. On average, properties are assessed at about 85% of the selling price. If you know the actual assessed value for this property, enter it here. If not, leave zero and we'll use 85% of the sale price.
Property Tax Rate:	(dollars per $1000) Property tax rates vary between states and towns. The US average is about $13.80 for every $1000 of the assessed home value.
Condo/Monthly Fee(s):	(dollars)
Explain Calculations:	Show the calculations and amortization

This mortgage calculator can be used to calculate monthly payments of a home mortgage loan. It automatically factors in PMI (Private Mortgage Insurance) which is a common expense when less than 20% of the loan is paid as a down payment. The calculations also take into consideration the local property taxes based on the assessed value of the mortgaged property.