Home Financing Calculators and Tools, home mortgage calculator with taxes and insurance.#Home #mortgage #calculator #with


Home Financing Calculators and Tools

HSH.com s free mortgage calculators can answer even complex financial questions in just a few minutes. We’ll help you find answers to common items, such as “Can I qualify for a mortgage?” What s my monthly payment?” or “Will prepaying my mortgage help me save money?” all the way up to more difficult ones, such as “How large of a down payment do I really need?”, “What s the best way to pay for my refinance?” or even “When will my home no longer be underwater?”

Whether you re looking to learn more about your purchase, refinance or you simply need a few tools to better help you manage your mortgage, HSH.com has all the bases covered. Scroll down to browse our calculator list or use the navigational elements below to find the calculator you are looking for.

Most Popular Calculators

Mortgage Calculator with Amortization Schedule

The classic: Full payment-by-payment amortization of your loan and a print-and-take-away schedule. Biweekly schedules, too!

PMI Cost Calculator

What will mortgage insurance cost with less than a 20-percent down payment?

PMI Calculator

A more complete review of your loan’s costs, including your mortgage insurance premium — and when it will disappear.

Refinance Calculator

Plug in your numbers and find out the best way to pay for your refinance — find out how to save the most money.

Refinance Calculators

Refinance Calculator – HSH.com’s TriRefi℠ Calculator

Plug in your numbers and find out the best way to pay for your refinance — find out how to save the most money.

PreFi℠ Prepayment Refinance Calculator

Prepaying your mortgage can save you as much interest as refinancing — without the cost or hassle!

LowerRate℠ Mortgage Prepayment Calculator

Wish you refinanced at the very bottom for mortgage rates? Pick the rate you want and prepay your mortgage to the same savings!

Refinance Calculator- Should I Refinance My Mortgage?

The age-old question — answered in this classic “break-even” calculation.

Home Mortgage Calculators

Rent vs. Buy Calculator

Take the plunge into homeownership or not? See all the financial angles to see if buying a home will benefit you (requires Java).

Down payment Decisioner℠ Down Payment Calculator

More down payment or less? Learn the cost break points for mortgage insurance and how to keep or save the most money when buying a home.

FeePay BestWay℠ Closing Cost Calculator

Find out the best way to pay your home loan’s closing costs — out of pocket, in the loan balance or incorporated into the rate.

How Much House Can I Afford?

Qualify yourself for a mortgage amount and maximum home price just like the professionals do.

Income Qualification Calculator

See what kind of income you’ll need to cover your mortgage payment, property taxes, insurance, maintenance costs and more.

It’s My Term Prepayment Calculator

You choose when you want your mortgage to end — we’ll tell you what you need to spend to make it happen.

RoundUp℠ Prepayment Calculator

Painlessly putting even a few extra dollars per month toward your mortgage can save you a bunch of money over time.

Underwater Mortgage Calculator – KnowEquity When℠

Downturn left you underwater? Find out when you won’t be through the process of amortization and appreciation.

Underwater Mortgage Calculator – KnowEquity How℠

Need your mortgage to be above water by a certain date? Learn the exact combination of prepayment and appreciation you’ll need to get there.

Mortgage Prepayment Calculator

Learn how much you can save if you prepay your mortgage — and how soon your loan will end.

Mortgage Calculator: Mortgage Amortization Calculator and Schedule

The classic: Full payment-by-payment amortization of your loan and a print-and-take-away schedule. Biweekly schedules, too!

Private Mortgage Insurance Calculator

What will mortgage insurance cost with less than a 20-percent down payment?

PMI and Loan Amortization Schedule

A more complete review of your loan’s costs, including your mortgage insurance premium — and when it will disappear?

Fast Amortization Calculator

Three inputs and you can see a full breakout of your home loan’s principal and interest payments.

Mortgage Widgets and Tools

Home value estimator: MyHPI.

MyHPI, a home value estimate tool, will tell you how much the value of your home has changed since you owned it, based on how your overall market has performed.

Free Mortgage Widgets.

Looking for free and informative tools for your website? HSH.com’s free widgets provide fresh content that can improve any website.

Are You a Normal Neighbor?

Tell us a little bit about your family and your home, and we’ll show you how you compare to the averages in your area.

The Mortgage Next Door

See the average home loan in your neighborhood and how it compares to yours.

Other Home Loan Calculators

Basic Loan Payment Calculator

Fast and simple — and perfect for auto and personal loans, too.

Monthly Payments Per $1000 and Total Cost (principal and interest combined)

A print-and-take-away handy reference table for calculating monthly mortgage payment and total interest cost.

Credit Grade Calculator

Not sure where you stand? This simple calculator will give you a “ballpark estimate” of how good or bad your credit is.

APR Calculator

Calculate the effect of fees and points to see your mortgage’s true cost.

Loan Comparison Calculator

A quick side-by-side way to compare costs of two different mortgages.


Mortgage Calculator, home mortgage calculator with taxes and insurance.#Home #mortgage #calculator #with #taxes #and #insurance


Mortgage Calculator

Home mortgage calculator with taxes and insurance

$1,115.57 / Month

Mortgages

A mortgage is a loan secured by a property usually a real estate property. A real estate mortgage usually includes the following key components:

  • Loan Amount the amount borrowed from a lender or bank. The maximum loan amount one can borrow normally correlates with household income or affordability. To estimate an affordable amount, please use our House Affordability Calculator.
  • Down Payment the upfront payment of the purchase, usually in a percentage of the total price. In the US, if the down payment is less than 20% of the total property price, typically, private mortgage insurance (PMI) is required to be purchased until the principal arrives at less than 80% or 78% of the total property price. The PMI rate normally ranges from 0.3%-1.5% (generally around 1%) of the total loan amount, depending on various factors. A general rule-of-thumb is that the higher the down payment, the more favorable the interest rate.
  • Loan Term the agreed upon length of time the loan shall be repaid in full. The most popular lengths are 30 years and 15 years. Normally, the shorter the loan term, the lower the interest rate.
  • Interest Rate the rate of interest charged by a mortgage lender. It can be “fixed” (otherwise known as a fixed-rate mortgage, or FRM), or “adjustable” (otherwise known as an adjustable rate mortgage, or ARM). The calculator above is only usable for fixed rates. For ARMs, interest rates are generally fixed for a period of time, after which they will be periodically “adjusted” based on market indices. ARMs transfer part of the risk to borrowers. Therefore, the initial interest rates are normally 0.5% to 2% lower than FRM with the same loan term. Mortgage interest rates are normally expressed in Annual Percentage Rate (APR), which is sometimes called nominal APR or effective APR. It is the interest rate expressed as a periodic rate multiplied by the number of compounding periods in a year. For example, if a mortgage rate is 6% APR, it means the borrower will have to pay 6% divided by twelve, which comes out to 0.5% in interest every month.

The most common way to repay a mortgage loan is to make monthly, fixed payments to the lender. The payment contains both the principal and the interest. For a typical 30-year loan, the majority of the payments in the first few years cover the interest.

Costs Associated with Mortgages and Home Ownership

Commonly, monthly mortgage payments will consist of the bulk of the financial costs associated with owning a house, but there are other important costs to keep in mind. In some cases, these costs combined can be more than the mortgage payments. Be sure to keep these costs in mind when planning to purchase a home.

Because the recurring costs perpetuate throughout the lives of mortgages (exception being PMI), they are a significant financial factor. Property Taxes, Home Insurance, HOA Fee, and Other Costs increase with time as a byproduct of moderate inflation. There are optional inputs within the calculator for annual percentage increases. Using these wisely can result in more accurate calculations.

  • Property Taxes a tax that property owners pay to governing authorities. In the U.S., property tax is usually managed by municipal or county government. The annual real estate tax in the U.S. varies by location, normally ranging from 1% to 4% of the property value. In some extreme cases, the tax rate can be 10% or higher.
  • Home Insurance an insurance policy that protects the owner from accidents that may happen to the private residence or other real estate properties. Home insurance can also contain personal liability coverage, which protects against lawsuits involving injuries that occur on and off the property. The cost of home insurance varies according to factors such as location, condition of property, and coverage amount. Typically, the annual cost can range from 0.1% to 5% of the property value.
  • Private Mortgage Insurance (PMI) protects the mortgage lender if the borrower is unable to repay. In the U.S. specifically, if the down payment is less than 20% of the property value, the lender will normally require the borrower to purchase PMI until the loan-to-value ratio (LTV) reaches 80% or 78%. PMI price varies according to factors such as down payment, size of the loan, and credit of the borrower. The annual cost typically ranges from 0.3% to 1.5% of the loan amount.
  • HOA Fee a fee that is imposed on the property owner by an organization that maintains and improves property and environment of the neighborhoods that the specific organization covers. Common real estate that requires HOA fees include condominiums, townhomes, and some single-family communities. Annual HOA fees usually amount to less than one percent of the property value.
  • Other Costs includes utilities, home maintenance costs, and anything pertaining to the general upkeep of the property. Many miscellaneous costs can be deceptively high and it is important to consider them in the big picture. It is common to spend 1% or more of the property value on annual maintenance alone.

While these costs aren’t contained within calculations, they are still important to keep in mind.

  • Closing Costs the fees paid at the closing of a real estate transaction. It is not a recurring fee yet it can be expensive. In the U.S., even though not all are applicable, the closing cost on a mortgage can include attorney fee, title service cost, recording fee, survey fee, property transfer tax, brokerage commission, mortgage application fee, points, appraisal fee, inspection fee, home warranty, pre-paid home insurance, pro-rata property taxes, pro-rata homeowner association dues, pro-rata interest, and more. Sellers will share some of these costs. It is not unusual for a buyer to pay $10,000 in total closing costs on a $300,000 transaction.
  • Initial Renovations Some buyers invest money into renovations, features, or updates before moving in. Examples may be changing the flooring, repainting the walls, or even adding a patio.

Besides these, new furniture, new appliances, and moving costs are also common non-recurring costs of a home purchase.

Early Repayment and Extra Payments

For many situations, mortgage borrowers may want to pay off mortgages earlier rather than later, either in whole or in part, for reasons including but not limited to interest savings, home selling, or refinancing. Most mortgage lenders allow borrowers to pay off up to 20% of the loan balance each year but few may have prepayment penalties for one-time payoffs, mainly to prevent refinancing too soon (which will affect the lender’s profit). One-time payoff due to home selling is normally exempt from a prepayment penalty. The penalty amount typically decreases with time until it phases out within 5 years. Few lenders charge prepayment penalties regardless of home-selling or refinancing, but be sure to review the loan terms carefully anyway just in case.

Some borrowers may want to pay off their mortgage loan earlier to reduce interest. Typically, there are three ways to do so. The methods can be used in combination or individually.

  1. Refinance to a loan with a shorter term Normally, interest rates of shorter term mortgage loans are lower. Therefore, borrowers not only repay their loan balances faster, but receive lower and more favorable interest rates on their mortgages. Keep in mind that this imposes higher financial pressure on the borrower due to higher monthly mortgage payments. Also, there may be fees or penalties involved.
  2. Make extra payments the majority of the earliest mortgage payments will be for interest instead of principal on typical long-term mortgage loan. Any extra payments will decrease loan balances, therefore decreasing interest and pay off earlier in the long run. Some people form the habit of paying extra every month, while others pay extra whenever they can. There are optional inputs to include many extra payments, and it can be helpful to compare the results of supplementing mortgages with extra payments and without.
  3. Make biweekly (once every two weeks) payments of half month’s payment instead Since there are 52 weeks each year, this is the equivalent of making 13 months of mortgage repayments a year instead of 12. Utilizing this method, mortgages can be paid off earlier. Displayed in the calculated results are biweekly payments for comparison purposes.

The Calculator has the tools to help evaluate the options. Please be aware that the rates on mortgages tend to be very low compared with other types of loans. Also, mortgage interest is tax-deductible, and home equity accumulated may be counted against borrowers when applying for need-based college aid. Be sure to consider comprehensively before paying off mortgage loans earlier.


FHA Loan Calculator – FHA Mortgage Calculator with Taxes and Insurance, home mortgage calculator with


FHA Mortgage Calculator

Calculator currently updated with lower FHA Mortgage Insurance Premiums Jan. 26th, 2015*

FHA Loan Calculator – Buying a home using a FHA home mortgage? Calculate the PITI mortgage payment with taxes and insurance for a FHA loan. This FHA mortgage calculator also provides the down payment, monthly FHA mortgage insurance (FHA MIP) and the FHA upfront mortgage insurance premium (UFMIP) of a FHA home loan. Lastly, view the minimum income required to qualify for the home’s sales price and calculated FHA loan amount with this free, simple, FHA loan calculator with taxes and insurance.

Home mortgage calculator with taxes and insuranceMortgage Calculator Instructions

Step 1: Enter Sales Price, Mortgage Rate and Term

Step 2: Select Property type, Taxes and Insurance

Step 3: Click “Calculate FHA Loan”

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* Maximum FHA loan amount used by this FHA mortgage calculator is based on current FHA loan limit ceilings as per current HUD mortgagee letter. Updated: FHA mortgage insurance calculations based on most current HUD FHA guidelines: http://portal.hud.gov/hudportal/documents/huddoc?id=13-04ml.pdf Updated Jan 8th., 2015: http://portal.hud.gov/hudportal/documents/huddoc?id=15-01ml.pdf

Note: A FHA mortgage calculator with PMI: The equivalent of PMI (Private Mortgage Insurance) for a FHA loan is simply: “mortgage insurance”, since the mortgage insurance of a FHA loan is not funded by a private mortgage insurance company.


Mortgage Payment Calculator, free mortgage calculator with taxes and insurance.#Free #mortgage #calculator #with #taxes #and


free mortgage calculator with taxes and insurance

Free mortgage calculator with taxes and insurance

Mortgage Payment Calculator

  • Monthly payment
  • Mortgage
  • PMI fees
  • Property tax
  • Home insurance
  • HOA dues

Use the mortgage calculator to determine what your monthly payment will be as well as a breakdown off all other housing related costs. The mortgage calculator is a great tool to use when trying to determine what your monthly payments and costs will be when purchasing a new home. Many times, there are additional costs that aren’t taken into consideration prior to your new home purchase, which can lead to over extending your monthly budget. The mortgage calculator will help solve that issue.

To use the mortgage calculator start by entering in the estimated home price as well as the down payment. Based on current mortgage rate trends, we have estimated the interest rate, loan term, property tax and annual home insurance. Please note that these are only estimates and will vary for each home. Annual HOA dues can also be calculated if you are considering purchasing a home or condo where they would apply.

After calculating the mortgage, the estimated monthly payment will be displayed. The monthly payment includes all housing related costs that you have entered into the boxes, including PMI (private mortgage insurance). PMI will only apply for mortgages with less than a 20% down payment.

The mortgage calculator will also display the monthly payment breakdown of all of the housing related costs, by month. Keep in mind that most mortgage institutions will require a DTI (debt-to-income ratio) of no more than 28% of housing related costs to your gross income.

Mortgage Definitions

This is the initial payment that will be made towards the purchase price of the home. Down payments are often expressed as percentages. A minimum down payment of 20% will avoid PMI fees.

This is the interest charged on the mortgage. Mortgage rates will vary depending on the lender and are most commonly fixed rates or adjustable rates, which can fluctuate.

This is the length of time to pay off your mortgage. Most common loan terms are 15 or 30 years. Other common loan terms are 5, 10 and 20 years. The longer the length of the loan term, the more interest you will pay.

This is a tax assessed on real estate based on the home’s value. The property tax is collected by the government and will vary from state to state.

This is a type of insurance designed to provide damage protection to the home or to possessions in or on the property of the home. Homeowners insurance will also provide coverage against lawsuits against accidents that occur inside the home or on the property. Homeowners insurance is a requirement from mortgage lenders.

PMI, known as private mortgage insurance, is a type of mortgage that protects the lender if you default on your home. It is required for borrowers with a down payment of less than 20% and will vary depending on the size of the down payment, your credit score and the lender itself.

HOA, known as homeowners association fees, are fees that are most commonly paid when you purchase real estate such as condominiums, townhomes or other types of property in a planned development. These fees cover the maintenance of the public areas and other items such as maintenance to the exterior of the building, lawn care, garbage collection, pool/hot tub maintenance, tennis courts or any other amenities located on the premises.


Mortgage Calculators, mortgage calculator with insurance and taxes.#Mortgage #calculator #with #insurance #and #taxes


MORTGAGE CALCULATORS

Mortgage Calculators

Mortgage Payment Calculator

The application of additional loan level pricing adjustments will be determined by various loan attributes such as Loan-To-Value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.

The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher.

Estimate your cost

Mortgage Payment Calculator

Estimate Your Closing Costs

The application of additional loan level pricing adjustments will be determined by various loan attributes such as Loan-To-Value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing. The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

It looks like there are some unique circumstances in your financial picture. Call your PenFed representative today to discuss your options.

When you re buying a home, mortgage lenders don t look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our home affordability calculator to determine how much of a mortgage you may be able to obtain. The calculator above is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Start the process now

Questions or Comments?

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes

Mortgage calculator with insurance and taxes


Mortgage Calculator with Current Rates – Calculate Mortgage Payments with Ease from, mortgage calculator with


Mortgage Calculator

Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most of us will ever make so it’s important to calculate what your mortgage payment will be and how much you can afford. Estimate your monthly payments and see the effect of adding extra payments.

Choose a lender below and lock in your estimated payment of $ or less

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Mortgage calculator with insurance and taxes

Where will mortgage rates head next week?

Mortgage experts predict what will happen to rates over the next week — and why.

Mortgage calculator with insurance and taxes

How much house can I afford?

Use this calculator to determine how much mortgage you can afford to take out based on your income and expenses.

Mortgage calculator with insurance and taxes

Mortgage Basics

This step-by-step guide will help you understand the sometimes-difficult journey to homeownership.

Mortgage calculator with insurance and taxes

Top 10 mortgage tips for 2016

Thinking about buying a house? These tips will help you find the best mortgage for you.

Helpful Calculators & Tools

Loan Calculator

This loan calculator will help you determine the loan monthly payments on a loan. View Calculator

Amortization Calculator

How much of your monthly payment will go towards the principal and how much will go towards the interest. View Calculator

15 or 30 year mortgage?

Lets us help you decide which mortgage loan is right for you. View Calculator

Debt ratio Calculator

Your debt-to-income ratio can be a valuable number — some say as important as your credit score. View Calculator

About our Mortgage Rate Tables

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders’ terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser’s own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser’s phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $424,100 May Have Different Loan Terms: If you are seeking a loan for more than $424,100, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

Mortgage Calculator Help

Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you’ll pay over the life of your mortgage. To use this calculator, you’ll need the following information:

The dollar amount you expect to pay for a home.

The down payment is money you give to the home’s seller. At least 20% down typically lets you avoid mortgage insurance.

If you’re getting a mortgage to buy a new home, you can find this number by subtracting your down payment from the home’s price. If you’re refinancing, this number will be the outstanding balance on your mortgage.

Mortgage Term (Years)

This is the length of the mortgage you’re considering. For example, if you’re buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.

Estimate the interest rate on a new mortgage by checking Bankrate’s mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.

Mortgage Start Date

Select the month, day and year when your mortgage payments will start.

Mortgage Calculator: Alternative Use

Most people use a mortgage calculator to estimate the payment on a new mortgage, but it can be used for other purposes, too. Here are some other uses:

1. Planning to pay off your mortgage early.

Use the “Extra payments” functionality of Bankrate’s mortgage calculator to find out how you can shorten your term and net big savings by paying extra money toward your loan’s principal each month, every year or even just one time.

To calculate the savings, click “Show Amortization Schedule” and enter a hypothetical amount into one of the payment categories (monthly, yearly or one-time) and then click “Apply Extra Payments” to see how much interest you’ll end up paying and your new payoff date.

2. Decide if an ARM is worth the risk.

The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for some borrowers, others may find that the lower initial interest rate won’t cut their monthly payments as much as they think.

To get an idea of how much you’ll really save initially, try entering the ARM interest rate into the mortgage calculator, leaving the term as 30 years. Then, compare those payments to the payments you get when you enter the rate for a conventional 30-year fixed mortgage. Doing so may confirm your initial hopes about the benefits of an ARM — or give you a reality check about whether the potential plusses of an ARM really outweigh the risks.

3. Find out when to get rid of private mortgage insurance.

You can use the mortgage calculator to determine when you’ll have 20 percent equity in your home. This percentage is the magic number for requesting that a lender wave private mortgage insurance requirement.

Simply enter in the original amount of your mortgage and the date you closed, and click “Show Amortization Schedule.” Then, multiply your original mortgage amount by 0.8 and match the result to the closest number on the far-right column of the amortization table to find out when you’ll reach 20 percent equity.


FHA Loan Calculator – FHA Mortgage Calculator with Taxes and Insurance, mortgage loan calculator with


FHA Mortgage Calculator

Calculator currently updated with lower FHA Mortgage Insurance Premiums Jan. 26th, 2015*

FHA Loan Calculator – Buying a home using a FHA home mortgage? Calculate the PITI mortgage payment with taxes and insurance for a FHA loan. This FHA mortgage calculator also provides the down payment, monthly FHA mortgage insurance (FHA MIP) and the FHA upfront mortgage insurance premium (UFMIP) of a FHA home loan. Lastly, view the minimum income required to qualify for the home’s sales price and calculated FHA loan amount with this free, simple, FHA loan calculator with taxes and insurance.

Mortgage loan calculator with taxes and insuranceMortgage Calculator Instructions

Step 1: Enter Sales Price, Mortgage Rate and Term

Step 2: Select Property type, Taxes and Insurance

Step 3: Click “Calculate FHA Loan”

| | | Mortgage loan calculator with taxes and insurance Add to Favorites | Mortgage loan calculator with taxes and insurance Email to a Friend

* Maximum FHA loan amount used by this FHA mortgage calculator is based on current FHA loan limit ceilings as per current HUD mortgagee letter. Updated: FHA mortgage insurance calculations based on most current HUD FHA guidelines: http://portal.hud.gov/hudportal/documents/huddoc?id=13-04ml.pdf Updated Jan 8th., 2015: http://portal.hud.gov/hudportal/documents/huddoc?id=15-01ml.pdf

Note: A FHA mortgage calculator with PMI: The equivalent of PMI (Private Mortgage Insurance) for a FHA loan is simply: “mortgage insurance”, since the mortgage insurance of a FHA loan is not funded by a private mortgage insurance company.


Mortgage Calculator, Home Loan Schedule, Not a Toy, mortgage loan calculator with taxes and insurance.#Mortgage


Mortgage Calculator

Intuitively, we all know taking out a mortgage will be, for almost everyone, the largest investment a person or family will make.

Further, a home loan is frequently thought of as a good investment when it is used to finance the purchase of a house or building that has a reasonable chance to appreciate in value.

But how do I know if I can afford a mortgage, is a common refrain.

Helping you answer this question is precisely the goal of this mortgage calculator. You’ll quickly notice this calculator is capable of a great deal more than just calculating a monthly mortgage payment. Spend a few minutes with it, and it will help you understand the actual cost of any potential (or existing) home loan. More below.

Need a traditional loan calculator?
Will making small, extra payments save me money?
Will paying half the monthly payment every other week save interest charges?
Not sure how much house you can afford?
Or do you need an amortization schedule where you set the dates?

The Mortgage Payment

This home loan calculator does have a lot of options. Don’t let the number of details put you off. Fortunately, if you only want to calculate a payment amount, you’ll frequently have to enter only three values while leaving the other settings and inputs unchanged. The payment calculation is as easy as this:

That’s it. Now you’ll know the principal and interest payment required to pay off the debt.

But for sure, this debt payment does not begin to cover the full cost of having a home loan. There are few other expenses, of course! And this calculator is designed to consider them all.

VERY IMPORTANT – You must enter a 0 if you want a value calculated. Some users have been frustrated by this. They want to know why the calculator does not just recalculate if they have changed one of the inputs.

This behavior is by design. We want the calculator to create an amortization schedule using whatever parameters you want to use. This is a feature!

By not automatically recalculating a payment, this calculator lets those users who do not have a standard loan create a payment schedule.

ABOUT DATES – This calculator now allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will result in payment amounts as well as interest charges that do not match other calculators. If you want to match other calculators then set the Loan Date and 1st Payment Date so that the time between them equals one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly, then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

Of course, you can always leave the dates set as they are when the calculator loads.

A Mortgage is More Than a Payment Amount

Mortgage loan calculator with taxes and insurance

Enter Annual Appreciation Rate on option tab.

You can use this calculator to answer such questions as:

  • How much mortgage can I afford?
  • What is the mortgage payment?
  • How much money do I need to buy a house?
  • What is the down payment on a house?

Related – Need to know the exact balance of a mortgage? Then use this mortgage payoff calculator.

Mortgage loan calculator with taxes and insurance

Mortgage calculator shows $1,300 in tax savings after 2 payments.

The printable mortgage schedule has recently been upgraded to add support for the following:

  • PMI private mortgage insurance. Could be required if your loan to value (LTV) is more than 80%. That is, your down payment frequently needs to be 20% or more to avoid PMI.
  • Property Taxes are included in the escrow column on the schedule. Please be sure to enter an annual amount in the calculator.
  • Casuality Insurance is also included in the escrow column on the mortgage schedule. Again, enter an annual amount.
  • Tax Benefits shows tax savings as result of potential deduction for mortgage interest and property taxes.
  • Points calculated on the loan amount, they are reported in the first row of the schedule.

All the above are optional. That is, you may set them to 0.

Mortgage Calculator Help

Unlike our general loan or simple loan calculators, this calculator will allow you to have more than one unknown value in certain cases.

To indicate an unknown value, enter ‘0’ (zero). There must be one unknown in each group that is two unknowns are required.

You can enter the price of the real estate, the down payment percent you need, the total number of periods for which you want to borrow the money and the interest rate. When you click on Calc , the loan amount and the monthly payment will be calculated.

If you enter the loan amount and 0 for the down payment percentage, then the down payment percentage (and down payment amount) will be calculated.

If you enter 0 for the price, a down payment percentage, 0 for the mortgage amount, the total periods, the interest rate and the payment you can afford, the calculator will calculate the loan amount and the price you can afford to pay. You can use this calculation to tell you what you can afford to pay and borrow and still stay within a budget.

Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are both included under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require the PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. It is an optional input. Borrowers (normally only in USA) may select to pay a lender points up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.


Mortgage Calculator: Calculate Your Monthly Mortgage Payment, mortgage and loan calculator.#Mortgage #and #loan #calculator


Mortgage Calculator

  • Monthly Payment (Principal and Interest)

Mortgage calculator for your home loan

This mortgage calculator will show how much your monthly mortgage payment would be, including your amortization schedule. See how much you could save by prepaying some of the principal. Find out your home loan breakdown now by using this simple and free mortgage calculator.

NOTE: This calculator updates automatically as you move from field to field using the “tab” key. If you’re entering prepayment information, click the “calculate” button to see the final results.

A mortgage amortization calculator shows how much of your monthly mortgage payment will go toward principal and interest over the life of your loan. The loan calculator also lets you see how much you can save by prepaying some of the principal.

How to use the loan amortization calculator

With HSH.com’s home loan calculator, you enter the features of your mortgage: amount of the principal loan balance, the interest rate, the home loan term, and the month and year the loan begins.

Your initial display will show you the monthly mortgage payment, total interest paid, breakout of principal and interest, and your mortgage payoff date.

Most of your mortgage loan payment will go toward interest in the early years of the loan, with a growing amount going toward the loan principal as the years go by – until finally almost all of your payment goes toward principal at the end. For instance, in the first year of a 30-year, $250,000 mortgage with a fixed 5% interest rate, $12,416.24 of your payments goes toward interest, and only $3,688.41 goes towards your principal. To see this, click on “Payment chart” and mouse over any year.

Clicking on “Amortization schedule” reveals a display table of the total principal and interest paid in each year of the mortgage and your remaining principal balance at the end of each calendar year. Clicking the “+” sign next to a year reveals a month-by-month breakdown of your costs.

Click “calculate” to get your monthly payment amount and an amortization schedule.

The effect of prepayments

Now use the mortgage loan calculator to see how prepaying some of the principal saves money over time. The calculator allows you to enter a monthly, annual, bi-weekly or one-time amount for additional principal prepayment.To do so, click “+ Prepayment options.”

Let’s say, for example, you want to pay an extra $50 a month. Using the $250,000 example above, enter “50” in the monthly principal prepayment field, then either hit “tab” or scroll down to click “calculate.” Initial results will be displayed under “Payment details,” and you can see further details in either the “Payment chart” or “Amortization schedule” tabs.

You may also target a certain loan term or monthly payment by using our mortgage prepayment calculator. Of course you’ll want to consult with your financial advisor about whether it’s best to prepay your mortgage or put that money toward something else, such as retirement.

HSH.com has developed a host of other free mortgage calculators to help answer your other questions, such as, “Can I qualify for a mortgage,” “Will prepaying my mortgage help me save money,” “How large of a down payment do I really need,” “What s the best way to pay for my refinance,” and “When will my home no longer be underwater?” See all of HSH.com’s mortgage calculators.

This is the dollar amount of the mortgage you are borrowing. (Hitting “tab” after entering information in any field will automatically update the calculations.)

The loan’s interest rate. Along with the term, this is the key factor used by the mortgage payment calculator to determine what your monthly payment will be. To see where rates are right now, click on the “See today’s average rates” link to the right of the field, where you can also find offers from our advertising partners.

Mortgage loans come in a range of terms. Fixed rate mortgages are most often found in 30, 20, 15 and 10-year terms; Adjustable Rate Mortgages usually have total terms of 30 years, but the fixed interest rate period is much shorter than that, lasting from 1 to 10 years.

To get the most accurate calculations, use the month and year in which your very first mortgage payment was due (or will be due). If you don’t yet have a mortgage, the current month and year will work just fine.

This display shows the monthly mortgage payment, total interest paid, breakout of principal and interest, and your mortgage payoff date.

This display shows you the total principal and interest paid in each year of the mortgage and your remaining principal balance at the end of each calendar year.

While this display table also shows you the total principal and interest paid in each year of the mortgage and your remaining principal balance at the end of each calendar year, clicking the “+” sign next to a year reveals a month-by-month breakdown of your costs.

In this optional section, you can add in a regular monthly prepayment amount, re-set the calculator to show bi-weekly payments and savings, or even do a one-time prepayment to see how it affects the cost of your home loan.

Mortgage and loan calculator


Mortgage Calculator, Home Loan Schedule, Not a Toy, mortgage and loan calculator.#Mortgage #and #loan #calculator


Mortgage Calculator

Intuitively, we all know taking out a mortgage will be, for almost everyone, the largest investment a person or family will make.

Further, a home loan is frequently thought of as a good investment when it is used to finance the purchase of a house or building that has a reasonable chance to appreciate in value.

But how do I know if I can afford a mortgage, is a common refrain.

Helping you answer this question is precisely the goal of this mortgage calculator. You’ll quickly notice this calculator is capable of a great deal more than just calculating a monthly mortgage payment. Spend a few minutes with it, and it will help you understand the actual cost of any potential (or existing) home loan. More below.

Need a traditional loan calculator?
Will making small, extra payments save me money?
Will paying half the monthly payment every other week save interest charges?
Not sure how much house you can afford?
Or do you need an amortization schedule where you set the dates?

The Mortgage Payment

This home loan calculator does have a lot of options. Don’t let the number of details put you off. Fortunately, if you only want to calculate a payment amount, you’ll frequently have to enter only three values while leaving the other settings and inputs unchanged. The payment calculation is as easy as this:

That’s it. Now you’ll know the principal and interest payment required to pay off the debt.

But for sure, this debt payment does not begin to cover the full cost of having a home loan. There are few other expenses, of course! And this calculator is designed to consider them all.

VERY IMPORTANT – You must enter a 0 if you want a value calculated. Some users have been frustrated by this. They want to know why the calculator does not just recalculate if they have changed one of the inputs.

This behavior is by design. We want the calculator to create an amortization schedule using whatever parameters you want to use. This is a feature!

By not automatically recalculating a payment, this calculator lets those users who do not have a standard loan create a payment schedule.

ABOUT DATES – This calculator now allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will result in payment amounts as well as interest charges that do not match other calculators. If you want to match other calculators then set the Loan Date and 1st Payment Date so that the time between them equals one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly, then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

Of course, you can always leave the dates set as they are when the calculator loads.

A Mortgage is More Than a Payment Amount

Mortgage and loan calculator

Enter Annual Appreciation Rate on option tab.

You can use this calculator to answer such questions as:

  • How much mortgage can I afford?
  • What is the mortgage payment?
  • How much money do I need to buy a house?
  • What is the down payment on a house?

Related – Need to know the exact balance of a mortgage? Then use this mortgage payoff calculator.

Mortgage and loan calculator

Mortgage calculator shows $1,300 in tax savings after 2 payments.

The printable mortgage schedule has recently been upgraded to add support for the following:

  • PMI private mortgage insurance. Could be required if your loan to value (LTV) is more than 80%. That is, your down payment frequently needs to be 20% or more to avoid PMI.
  • Property Taxes are included in the escrow column on the schedule. Please be sure to enter an annual amount in the calculator.
  • Casuality Insurance is also included in the escrow column on the mortgage schedule. Again, enter an annual amount.
  • Tax Benefits shows tax savings as result of potential deduction for mortgage interest and property taxes.
  • Points calculated on the loan amount, they are reported in the first row of the schedule.

All the above are optional. That is, you may set them to 0.

Mortgage Calculator Help

Unlike our general loan or simple loan calculators, this calculator will allow you to have more than one unknown value in certain cases.

To indicate an unknown value, enter ‘0’ (zero). There must be one unknown in each group that is two unknowns are required.

You can enter the price of the real estate, the down payment percent you need, the total number of periods for which you want to borrow the money and the interest rate. When you click on Calc , the loan amount and the monthly payment will be calculated.

If you enter the loan amount and 0 for the down payment percentage, then the down payment percentage (and down payment amount) will be calculated.

If you enter 0 for the price, a down payment percentage, 0 for the mortgage amount, the total periods, the interest rate and the payment you can afford, the calculator will calculate the loan amount and the price you can afford to pay. You can use this calculation to tell you what you can afford to pay and borrow and still stay within a budget.

Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are both included under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require the PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. It is an optional input. Borrowers (normally only in USA) may select to pay a lender points up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.