Desired Mortgage for New Home

Mortgage Length

Interest %
Annual Tax
Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).
Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.  The calculator factors in PMI for loans where less than 20% is put as a down payment.  Also taken into consideration are the area's property taxes, and their effect on the total monthly mortgage payment


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