Mortgage Calculator: Calculate Your Monthly Mortgage Payment, estimate monthly mortgage payment.#Estimate #monthly #mortgage #payment


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.

Estimate monthly mortgage payment


Mortgage Calculator – Simplifying The Mortgage, Calculators by CalcXML, estimate monthly mortgage payment.#Estimate #monthly #mortgage


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Mortgage calculator

The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). Use our mortgage calculator to see the impact of these variables along with an amortization schedule.

Estimate monthly mortgage payment

How Much Can I Afford to Pay for a House?

How much does a home cost? Before you get too comfortable with the asking price in the real estate ad, you should be aware of all the expenses you will be expected to pay.

First, there is the price of the home itself. The seller offers his or her house for sale at the asking price. This price may be negotiable depending upon the condition of the home and other factors. After the negotiations are done, the agreed-upon price becomes the cost of the home. To secure this cost, the buyer is expected to make a non-refundable payment to the seller. This is called earnest money. This amount will be deducted from the amounts paid when the sale is completed.

Estimate monthly mortgage payment

Finding Suitable Homes in Your Price Range

Presuming you do not have a very large supply of cash on hand, you will have to finance your home with a mortgage. A mortgage loan is essentially a secured loan that uses the home as collateral. Mortgages are typically paid in monthly installments over several years – usually 15 or 30 (40-year mortgages do exist, but they are not offered by every lender).

Mortgages contain two distinct parts:

  • Principal. The amount you need to borrow to pay for your home and closing costs.
  • Interest. What you pay the financial institution for the use of its money.

Click here for full article

Estimate monthly mortgage payment

Am I Ready to Purchase a Home?

Unlike with many other kinds of investments, there are a number of things you can do to increase the investment value of your home.

This increase in value can result in a capital gain to you when you sell your home. Your capital gain is the amount you sell your home for, minus your cost basis. Your cost basis will be the principal amount you paid for the property, plus the value of any substantial capital improvements (e.g., building a patio, additional bedroom, etc.) you may have invested in, but not including the cost of ordinary repairs and upkeep. The good news is that most people who incur capital gains upon the sale of their personal residences will not have to pay tax on the gains, due to the current exemption limits. The old adage that the three most important attributes of real estate are “location, location, and location” is worth remembering when you buy a home. A mortgage calculator can assist you when buying a home as well.

Definitions

  • Mortgage loan amount The amount you wish to borrow for your home mortgage.
  • Annual interest rate The interest rate for this home mortgage loan.
  • Number of months The number of months you wish to finance this home mortgage loan. 30 years = 360 months, 20 years = 240 months, 15 years = 180 months.
  • Desired amortization schedule After clicking Submit, an amortization schedule will be shown. You can control whether you want it to display year-by-year or month-by-month.
  • Sale price of property The selling price of the home you are selling, if applicable. Otherwise leave at $0.
  • Let system estimate property taxes, insurance, and private mortgage insurance? Select ‘yes’ if you want the calculator to estimate these values for you based on national averages. If you would like to specify these values, select ‘No’
  • Annual property taxes The annual amount you expect to pay for property taxes.
  • Annual hazard insurance The annual amount you expect to pay for hazard/homeowner’s insurance.
  • Monthly private mortgage insurance The monthly amount you will be required to pay by the lender for private mortgage insurance (PMI).

Estimate monthly mortgage payment

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

Estimate monthly mortgage paymentEstimate monthly mortgage payment


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


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 monthly

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

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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.

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Mortgage Basics

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

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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.


Mortgage Payment Calculator, CNNMoney, monthly mortgage calculator.#Monthly #mortgage #calculator


What will your mortgage payment be?

This mortgage calculator from LendingTree is an estimate only and is not intended to be interpreted as a firm offer to lend funds. Please contact LendingTree to find a lender to give a loan quote specific to your situation.

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  • Mortgage Calculator: Calculate Your Monthly Mortgage Payment, monthly house payment calculator.#Monthly #house #payment #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.

    Monthly house payment calculator


    Payment Calculator, monthly payment calculator.#Monthly #payment #calculator


    Payment Calculator

    This payment calculator can determine the payment amount or payment length for a one-time, fixed-interest loan. Use the “Fixed Term” tab to calculate the monthly payment of a fixed term loan. Use the “Fixed Payment” tab to calculate the time to pay off a loan using a fixed monthly payment. Use the Take-Home-Pay Calculator to find the net payment of your salary after taxes and deductions.

    Monthly payment calculator

    Monthly Pay: $1,687.71

    The payment calculator is used to work out what is called a “loan amortization schedule”. This is a fancy way of referring to the number and size of monthly payments you must make to pay off a loan with a fixed rate of interest an auto loan or a mortgage are good examples.

    These loans fall into two categories. One can either make a fixed amount of payment every month to pay off the loan, in which case the amount of time to pay it off may be longer, or one may fix the time in which one wishes to pay off the loan, and so monthly payments will be of unequal values.

    Mortgages and auto loans tend to use the time limit approach to repayment. Fixed monthly payments are often used in repayment plans, for example, in working out a plan to repay credit card debt. By making a fixed monthly payment to your credit card, instead of a minimum payment, you can pay off the debt much more quickly, and save a great deal of money in interest payments!

    The Payment Calculator offers a calculation for the payment amount or payment length for a one-time, fixed-interest loan. Use the “Fixed Term” tab to calculate the monthly payment of a fixed term loan. Use the “Fixed Payment” tab to calculate the time to pay off a loan using a fixed monthly payment. You will also see a graph for the amortization it shows the accumulation of your payments over time and the decrease of your balance owed — and an Amortization Schedule, which shows each monthly payment, the interest due, and the status of the principal and the balance for a given month.


    Payment Calculator, monthly payment calculator.#Monthly #payment #calculator


    Payment Calculator

    This payment calculator can determine the payment amount or payment length for a one-time, fixed-interest loan. Use the “Fixed Term” tab to calculate the monthly payment of a fixed term loan. Use the “Fixed Payment” tab to calculate the time to pay off a loan using a fixed monthly payment. Use the Take-Home-Pay Calculator to find the net payment of your salary after taxes and deductions.

    Monthly payment calculator

    Monthly Pay: $1,687.71

    The payment calculator is used to work out what is called a “loan amortization schedule”. This is a fancy way of referring to the number and size of monthly payments you must make to pay off a loan with a fixed rate of interest an auto loan or a mortgage are good examples.

    These loans fall into two categories. One can either make a fixed amount of payment every month to pay off the loan, in which case the amount of time to pay it off may be longer, or one may fix the time in which one wishes to pay off the loan, and so monthly payments will be of unequal values.

    Mortgages and auto loans tend to use the time limit approach to repayment. Fixed monthly payments are often used in repayment plans, for example, in working out a plan to repay credit card debt. By making a fixed monthly payment to your credit card, instead of a minimum payment, you can pay off the debt much more quickly, and save a great deal of money in interest payments!

    The Payment Calculator offers a calculation for the payment amount or payment length for a one-time, fixed-interest loan. Use the “Fixed Term” tab to calculate the monthly payment of a fixed term loan. Use the “Fixed Payment” tab to calculate the time to pay off a loan using a fixed monthly payment. You will also see a graph for the amortization it shows the accumulation of your payments over time and the decrease of your balance owed — and an Amortization Schedule, which shows each monthly payment, the interest due, and the status of the principal and the balance for a given month.


    Mortgage, Income & Loan Payment Protection Insurance Provider: Paymentcare UK, monthly payment mortgage.#Monthly #payment #mortgage


    Homeowners Income Protection Insurance

    What does Homeowners Income Protection Insurance do?

    It can provide you with a proven means to help you keep paying your bills and maintain your lifestyle and any financial commitments by providing you with a set monthly benefit in the event that you are unable to work due to Accident, Sickness or Involuntary Unemployment. This can be a way of helping you avoid getting into debt should the unthinkable happen to you.

    The monthly benefit payments from the policy are paid directly to you and are capped as a percentage of your salary with an upper limit.

    Homeowners Income Protection is designed to help pay your financial commitments in the event of Accident, Sickness and Involuntary Unemployment.

    Simply choose the type of cover you require:

    ASU – Accident, Sickness Unemployment

    AS – Accident Sickness only

    U Unemployment only

    Mortgage Payment Protection Insurance

    • Your mortgage paid if you can’t work
    • Premiums refunded during claims
    • Unemployment Exclusions waived* when you Switch
    • Great value Customer feedback

    Discover More

    What does Mortgage Payment Protection Insurance do?

    It can provide you with a proven means to help you keep paying your mortgage and other associated household bills on the property that is your main residence by providing you with a set monthly benefit in the event that you are unable to work due to Accident, Sickness (Disability) or Involuntary Unemployment. This can be a way of helping you avoid getting into debt should the unthinkable happen to you.

    The monthly benefit payments from the policy are paid directly to you and are capped as a percentage of your salary with an upper limit.

    Mortgage Payment Protection Insurance (MPPI) is sometimes referred to as (ASU) Accident, Sickness (Disability) and Involuntary Unemployment and is designed to help pay your mortgage in the event of Accident, Sickness (Disability) and Involuntary Unemployment.

    We believe our Mortgage Payment Protection Insurance policy offers UK homeowners complete peace of mind protection at the best possible price.

    Simply choose the type of cover you require:

    ASU – Accident, Sickness (Disability) Unemployment

    AS – Accident Sickness (Disability) only

    U Unemployment only

    Loan Payment Protection Insurance

    • Unemployment Exclusions waived* when you Switch
    • Benefits paid even if you’re being paid Sick Pay/SSP
    • Premiums paid monthly
    • Monthly benefits of up to 1500

    Discover More

    What does Loan Payment Protection Insurance do?

    It can provide you with a proven means to help you keep paying your monthly repayments on any personal loans you have by providing you with a set monthly benefit in the event that you are unable to work due to Accident, Sickness (Disability) or Involuntary Unemployment. This can be a way of helping you avoid getting into debt and falling behind with your monthly repayments should the unthinkable happen to you.

    The monthly benefit payments from the policy are paid directly to you and are capped as a percentage of your salary with an upper limit.

    Loan Payment Protection Insurance is sometimes referred to as (PPI) or (ASU) Accident, Sickness (Disability) and Involuntary Unemployment and is designed to help pay your mortgage in the event of Accident, Sickness (Disability) and Involuntary Unemployment.

    PPI has had a bad press over the past few years because many banks and lenders generally mis-sold what was know a s a single premium policy which had to be paid for up front (often for several years at a time) to people who didn t want the cover or know that they had been charged for it! It really has been a case of the policy being hijacked by these unscrupulous lenders rather than it being a bad type of insurance per se.

    Simply choose the type of cover you require:

    ASU – Accident, Sickness (Disability) Unemployment

    AS – Accident Sickness (Disability) only

    U Unemployment only

    Credit Card Payment Protection Insurance

    • Benefits paid even if you’re being paid Sick Pay/SSP
    • Premiums refunded during claims
    • Easy application process
    • Maximum 5000 coverage

    Discover More

    What does Credit Card Payment Protection Insurance do?

    Credit Card Payment Protection Insurance (CCPPI) is also referred to as Payment Protection Insurance (PPI), and like PPI, it has been in the news headlines over the past few years, as the extortionate premiums charged by some credit card companies and store cards has been exposed as a complete rip off. With the worst offenders only paying 3% of a customer s outstanding balance in the event of having to claim due to Accident, Sickness (Disability) or Involuntary Unemployment.

    Payment Protection Insurance specifically for UK credit cards has always only ever been available from the card providers themselves and that s why Paymentcare s Credit Card Payment Protection policy offers UK card holders a great alternative. Customers simply select an amount between 1000 and 5000 that best reflects the average outstanding balance across their credit card(s), you can cover as many as you like up to the policy limit as long as you do not exceed 50% of your monthly salary.

    So what s Unique about Credit Card Protection?

    UK s lowest cost stand alone credit card cover per 100 of outstanding balance at only 0.55. True protection when you need it most unlike every other credit card payment protection insurance you do not pay for the insurance during a claim period.

    How Does it Work?

    Choose the level of cover that s closest to your average monthly outstanding credit card balance(s) between 1000 and 5000.

    Cover as many of your credit cards as you wish. The minimum cover amount is 1000 and the maximum is 5000 in total.

    e.g. Assuming you have an average monthly outstanding balance of 5000 on your credit card(s) we pay 10% = 500 per month during a claim period, for up to a maximum of 10 months.

    Want to switch your existing Policy to us?

    It’s FREE & EASY to switch an existing policy to Paymentcare with NO PENALTIES.

    Can I transfer cover from another Mortgage (MPPI) / Loan / Homeowners Income Protection Insurance provider?

    Yes it’s easy to transfer cover, provided you are eligible for the policy and can meet a few simple conditions.

    Great news. we also waive the initial exclusion period (this is the period of time where you cannot claim for involuntary unemployment) which applies at the start of a policy, provided that you meet these conditions:

    • There is no break in cover, between your existing policy and your new policy with us.
    • Your existing policy has been in force for at least six months.
    • The benefit of your new policy is the same as on your existing policy. You can increase the amount, but the initial exclusion period will apply to the increased amount you request.
    • The cover is on a like for like basis (the same level of cover).
    • You must be claim free under your existing policy.
    • Any pre-existing medical conditions that are excluded under your existing policy will also be excluded under your new policy.
    • We request that you send a copy of your existing certificate of insurance. THIS WILL BE REQUIRED IN THE EVENT OF ANY FUTURE CLAIM ON YOUR NEW POLICY.

    Do NOT cancel your existing policy until you have received your new policy documents confirming cover with ourselves. Then you should inform your existing insurer.

    Can I transfer cover from another Credit Card Protection Insurance provider?

    We are not aware of any other stand alone credit card protection insurance provider! If you meet the eligibility criteria and you deem that the policy meets your demands and needs and you would like to apply for cover, instead of paying over the odds to your credit card company, then of course you may submit an application.


    Halifax Mortgage Calculator – Online Mortgage Rate Calculator, monthly mortgage payments.#Monthly #mortgage #payments


    Mortgage Calculator.

    Up to four people can be named on a mortgage but only two incomes are used, please select from the following:

    Product not available

    You’ve told us that you already have a mortgage with us and that you’re a first time buyer, please select from the following options:

    Placeholder for actual error!

    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

    Your results

    New to the Halifax, moving house or looking to borrow more?

    For interest rates on our Shared Ownership and Shared Equity Mortgages, along with the monthly repayment amounts on Interest only mortgages – book an appointment or call us on 0345 850 3705.

    Outstanding Mortgage 0.00

    Additional Borrowing 0.00

    Total Loan Amount 00.00

    What do these numbers mean?

    REPRESENTATIVE EXAMPLE

    A MORTGAGE OF 127,450 PAYABLE OVER 30 YEARS , INITIALLY ON A FIXED RATE FOR 5 YEARS AT 3.14% AND THEN ON OUR VARIABLE RATE OF 3.99% FOR THE REMAINING 25 YEARS , WOULD REQUIRE 24 MONTHLY PAYMENTS OF 547.99 FOLLOWED BY 300 MONTHLY PAYMENTS OF 598.99 .

    THE TOTAL AMOUNT PAYABLE WOULD BE 212,872.60 MADE UP OF THE LOAN AMOUNT, PLUS INTEREST ( 85,422.60 ) AND A VALUATION FEE ( 355 ).

    WHAT IS A REPRESENTATIVE EXAMPLE?

    THIS IS AN ILLUSTRATION OF A TYPICAL MORTGAGE AND ITS TOTAL COST.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    REPRESENTATIVE EXAMPLE

    A MORTGAGE OF 153,000 PAYABLE OVER 25 YEARS , INITIALLY ON A FIXED RATE FOR 5 YEARS AT 2.28% AND THEN ON OUR VARIABLE RATE OF 3.99% FOR THE REMAINING 20 YEARS , WOULD REQUIRE 60 MONTHLY PAYMENTS OF 669.56 FOLLOWED BY 240 MONTHLY PAYMENTS OF 780.71 .

    THE TOTAL AMOUNT PAYABLE WOULD BE 227,974.00 MADE UP OF THE LOAN AMOUNT, PLUS INTEREST ( 74,974.00 ) AND A VALUATION FEE ( 430 ).

    WHAT IS A REPRESENTATIVE EXAMPLE?

    THIS IS AN ILLUSTRATION OF A TYPICAL MORTGAGE AND ITS TOTAL COST.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    REPRESENTATIVE EXAMPLE

    A MORTGAGE OF 125,000 PAYABLE OVER 20 YEARS , INITIALLY ON A FIXED RATE FOR 2 YEARS AT 2.24% AND THEN ON OUR VARIABLE RATE OF 3.99% FOR THE REMAINING 18 YEARS , WOULD REQUIRE 24 MONTHLY PAYMENTS OF 646.66 FOLLOWED BY 216 MONTHLY PAYMENTS OF 746.25 .

    THE TOTAL AMOUNT PAYABLE WOULD BE 176,709.84 MADE UP OF THE LOAN AMOUNT, PLUS INTEREST ( 51,709.84 ).

    WHAT IS A REPRESENTATIVE EXAMPLE?

    THIS IS AN ILLUSTRATION OF A TYPICAL MORTGAGE AND ITS TOTAL COST.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    REPRESENTATIVE EXAMPLE

    A MORTGAGE OF 91,870.00 PAYABLE OVER 20 YEARS , INITIALLY ON A FIXED RATE FOR 2 YEARS AT 1.69% AND THEN ON OUR VARIABLE RATE OF 3.99% FOR THE REMAINING 18 YEARS , WOULD REQUIRE 24 MONTHLY PAYMENTS OF 451.39 FOLLOWED BY 216 MONTHLY PAYMENTS OF 545.83 .

    THE TOTAL AMOUNT PAYABLE WOULD BE 128,732.64 MADE UP OF THE LOAN AMOUNT, PLUS INTEREST ( 36,862.64 ).

    WHAT IS A REPRESENTATIVE EXAMPLE?

    THIS IS AN ILLUSTRATION OF A TYPICAL MORTGAGE AND ITS TOTAL COST.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    REPRESENTATIVE EXAMPLE

    A MORTGAGE OF 91,870.00 PAYABLE OVER 20 YEARS , INITIALLY ON A FIXED RATE FOR 5 YEARS AT 2.09% AND THEN ON OUR VARIABLE RATE OF 3.99% FOR THE REMAINING 15 YEARS , WOULD REQUIRE 24 MONTHLY PAYMENTS OF 468.68 FOLLOWED BY 180 MONTHLY PAYMENTS OF 534.91 .

    THE TOTAL AMOUNT PAYABLE WOULD BE 124,404.60 MADE UP OF THE LOAN AMOUNT, PLUS INTEREST ( 32,534.60 ).

    WHAT IS A REPRESENTATIVE EXAMPLE?

    THIS IS AN ILLUSTRATION OF A TYPICAL MORTGAGE AND ITS TOTAL COST.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    REPRESENTATIVE EXAMPLE

    A MORTGAGE OF 91,870.00 PAYABLE OVER 20 YEARS , INITIALLY ON A FIXED RATE FOR 5 YEARS AT 2.09% AND THEN ON OUR VARIABLE RATE OF 3.99% FOR THE REMAINING 15 YEARS , WOULD REQUIRE 24 MONTHLY PAYMENTS OF 468.68 FOLLOWED BY 180 MONTHLY PAYMENTS OF 534.91 .

    THE TOTAL AMOUNT PAYABLE WOULD BE 124,404.60 MADE UP OF THE LOAN AMOUNT, PLUS INTEREST ( 32,534.60 ).

    WHAT IS A REPRESENTATIVE EXAMPLE?

    THIS IS AN ILLUSTRATION OF A TYPICAL MORTGAGE AND ITS TOTAL COST.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.

    THE RATES AND MONTHLY PAYMENTS SHOWN ARE FOR ILLUSTRATIVE PURPOSES ONLY. THIS IS NOT A MORTGAGE OFFER. BEFORE AGREEING A LOAN A CREDIT SEARCH AND FULL APPLICATION ARE REQUIRED AND OUR LENDING REQUIREMENTS MUST BE MET.


    How to Calculate Your Mortgage Payment, calculate monthly mortgage payment.#Calculate #monthly #mortgage #payment


    How to Calculate Your Mortgage Payment

    Calculate monthly mortgage payment

    Understanding your mortgage helps you make better decisions. Instead of just taking whatever you get, it pays to look at the numbers behind any loan – especially a big loan like a home loan.

    To calculate a mortgage, you’ll need a few details about the loan. Then, you can do it all by hand or use free online calculators (or a spreadsheet) to crunch the numbers.

    Most people only focus on the monthly payment, but there are other important details that you need to pay attention to.

    We’ll start with calculating the payment, and we’ll also look at how much you pay in interest ​and how much you actually pay off – in other words, how much of your house you’ll actually own.

    The Inputs

    To calculate (and understand) the payments, gather the following information about a potential mortgage loan:

    • The loan amount (or principal)
    • The interest rate on the loan (not necessarily the APR, which also includes closing costs)
    • The number of years you have to repay (also known as the term)
    • The type of loan: fixed rate, interest only, etc.
    • The market value of the home
    • Your monthly income

    Calculations for Different Loans

    The calculation you use will depend on the type of loan you have. Most home loans are fixed-rate loans (for example, standard 30-year or 15-year mortgages).

    For those loans, the formula is:

    Loan Payment Amount / Discount Factor

    You’ll use the following values:

    Example: assume you borrow $100,000 at 6% for 30 years to be repaid monthly. What is the monthly payment (P)?

    • D 166.7916 ( <[(1 .005)^360] - 1>/ [.005(1 .005)^360])
    • P A / D 100,000 / 166.7916 599.55

    How Much Goes Towards Interest?

    Your mortgage payment is important, but you’ll also want to know how much you lose to interest each month. A portion of each monthly payment is your interest cost, and the remainder goes towards paying down your loan (you might also have taxes and insurance included in your monthly payment).

    An amortization table can show you – month-by-month – exactly what happens with each payment. You can create an amortization table by hand, or use a free calculator or spreadsheet to do the job for you. Take a look at how much total interest you pay over the life of your loan. With that information, you can decide if you want to save money by:

    • Borrowing less
    • Paying extra each month
    • Finding a lower interest rate
    • Choosing a shorter term loan (15 years instead of 30 years, for example)

    Interest Only Loan Payment Calculation Formula

    Interest-only loans are much simpler to calculate. For better or worse, you don’t actually pay down the loan with each required payment (although you can usually pay extra each month if you want).

    Example: assume you borrow $100,000 at 6% interest-only with monthly payments.

    What is the payment (P)?

    Loan Payment Amount x (Interest Rate / 12)

    Check your math with the Interest Only Calculator.

    Your interest only payment is $500, and it will remain the same until:

    1. You make additional payments (which will reduce your loan balance – but your required payment might not change right away), or
    2. After a certain number of years you’re required to start making amortizing payments, or
    3. You make a balloon payment to pay off the loan entirely

    Figure Out How Much you Own (Equity)

    You might also want to know how much of your home you actually own. Of course, you own the home but until it’s paid off, your lender has a lien on the property so it’s not free-and-clear. The amount that’s yours – your home equity – is the home’s market value minus any outstanding loan balance.

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    There are several reasons you might want to calculate your equity.

    Your loan to value (LTV) ratio is important because lenders look for a minimum ratio before approving loans. If you want to refinance or figure out how big your down payment needs to be, you need to know the LTV ratio.

    Your net worth is based on how much of your home you actually own. Having a million dollar home doesn’t do you much good if you owe $999,999 on the property.

    You can borrow against your home using second mortgages and home equity lines of credit (HELOCs). But most lenders need to see an LTV below 80% to approve a loan.

    Can you Afford the Loan?

    Lenders often offer you the largest loan that they’ll approve you for. This is typically based on their standards for an acceptable debt to income ratio. However, you don’t need to take the full amount – and it’s often a good idea to borrow less.

    Before you apply for loans, look at your monthly budget and decide how much you’re comfortable spending on a mortgage payment. After you’ve made a decision, start talking to lenders and looking at debt to income ratios. If you do it the other way around, you might start shopping for more expensive homes (and you might even buy one – which will affect your budget and leave you vulnerable to surprises). It’s better to buy less and have some wiggle room than to suffer just to keep up with payments.