When shopping for a home, it’s important you are aware of what your monthly payment is going to be when you are getting a loan and setting your budget.
Here is a great way to calculate your monthly payment for your next dream home. Just enter in the correct information below and click the calculate button.
Here is what you will learn by using this useful tool:
- Monthly payment including principal, interest, taxes and insurance (PITI)
- Total amount paid over the life of the loan
- Payoff date
- Principle paid annually
- Interest paid annually
- Property tax and insurance paid annually
- Balance of the loan at the end of each year
NOTE: Please be sure to adjust your interest rate, annual property tax, and annual property insurance accordingly so you can get the most accurate monthly payment estimate.
If you have any questions about current interest rates or how to calculate your property tax or property insurance, please fill out the contact form below and someone will get back to you shortly.