This mortgage calculator will help provide an estimate of the payments that are required in maintaining a mortgage and provides an amortization schedule of these payments. mortgageCalculate automatically calculates the mortgage payments from the following inputs: principal, down payment, interest, mortgage period, property taxes and insurance (PITI). If the “Loan to Value” ratio is higher than 80%, the possibility of Private Mortgage Insurance (PMI) is included.
The calculator computes an estimate of monthly payments that are required as well as providing an amortization schedule that will show your interest and principle payments by year for the term of the loan. The loan balance at the end of each year is also shown.