~ Mortgage Calculator
Finding out how much that new home might cost you each month is a snap. Just follow these four easy steps:
- Enter the number of monthly payments (i.e., 360 months equals a 30 year mortgage; 180 months equals a 15 year mortgage)
- Enter the loan amount
- Enter the interest rate.
- Click the Compute button.
Keep in mind these amounts represent only principal and interest payments. Real estate taxes, homeowner’s insurance, and mortgage insurance (if applicable) will increase your payment.