SPORTS - Ski Size - Snowboard Size - Wakeboard Size - Baseball Bat Sizing
 HEALTH - BMR
 FASHION - Bra Size
 ELECTRONICS - HDTV Size
 FINANCIAL - Mortgage - ProRata Refund - Currency Converter
 OTHER - Pythagorean Numerology - Wooden Fence Materials - Random Password Generator # Down Payment and Monthly Payments Mortgage Calculator

Use this mortgage calculator to figure out monthly payments of a home mortgage loan based on:
1) The home's sale price.
2) The term of the loan desired.
4) The loan's interest rate.
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.

ï»¿
 Purchase & Financing Information Sale Price of Home: (In Dollars) Percentage Down: % Length of Mortgage: years Annual Interest Rate: % Explain Calculations: Show me the calculations and amortization
How Much Can You Save?  The down payment = The price of the home multiplied by the percentage down divided by 100 (for 5% down becomes 5/100 or 0.05) \$0.00 = \$150,000.00 X (20 / 100) 1 The interest rate = The annual interest percentage divided by 100 = 6% / 100 The monthly factor = The result of the following formula: 2 The monthly interest rate = The annual interest rate divided by 12 (for the 12 months in a year) = / 12 3 The month term of the loan in months = The number of years you've taken the loan out for times 12 Months = 30 Years X 12 4 The montly payment is figured out using the following formula: Monthly Payment = 000 * (00000 / (1 - ((1 + 00000) -()))) The amortization breaks down how much of your monthly payment goes towards the bank's interest, and how much goes into paying off the principal of your loan.