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 taxes insurance

Where will mortgage rates head next week?

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

Mortgage calculator with taxes insurance

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 taxes insurance

Mortgage Basics

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

Mortgage calculator with taxes insurance

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.


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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.


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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.

Mortgage calculator with taxes insurance

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.

Mortgage calculator with taxes insurance

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

Mortgage calculator with taxes insurance

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).

Mortgage calculator with taxes insurance

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.

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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

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Mortgage Calculators

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Home Loans Provided by Quicken Loans

Use our helpful mortgage calculators to estimate what your monthly mortgage loan payments will be, what kind of rate you might qualify for, whether it makes sense to rent or buy, and how much you could save if you refinanced.

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Mortgage Rate Calculator

Our mortgage rate calculator provides customized mortgage rate quotes.

Monthly Mortgage Payments Calculator

Get an idea of what your monthly mortgage loan payments might be with this Monthly Mortgage Payments Calculator.

Mortgage Affordability Calculator

Interested in knowing how much house you can afford to buy? See what you might qualify to borrow with our Mortgage Affordability calculator.

Rent vs. Buy Calculator

Use this calculator if you’re trying to decide which option would be the most cost-effective.

Mortgage Refinance Calculator

Estimate how much your monthly mortgage payments could change if you’re thinking about refinancing.

Ready to start the mortgage process?

Mon.–Fri., 8 a.m.–9 p.m. ET; Sat., 8 a.m.–4 p.m. ET

Charles Schwab Bank

Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. Program terms and conditions are subject to change.

Charles Schwab Bank and Charles Schwab Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab Co., Inc. (member SIPC). Charles Schwab Co., Inc. does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Home lending is offered and provided by Quicken Loans, Inc, Equal Housing Lender. Quicken Loans Inc., is not affiliated with The Charles Schwab Corporation, Charles Schwab Co., Inc. or Charles Schwab Bank. Deposit and other lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Quicken Loans is licensed in all 50 states Quicken Loans Nationwide Mortgage Licensing System #3030. Restrictions may apply. Equal Housing Lender. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc.

Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license.

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab Co., Inc. (member SIPC), offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.


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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.

Mortgage calculators with taxes and insurance

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.

Mortgage calculators with taxes and insurance

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

Mortgage calculators with taxes and insurance

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).

Mortgage calculators with taxes and insurance

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.

Mortgage calculators with taxes and insuranceMortgage calculators with taxes and insurance


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Ontario Mortgage Calculator

Our mortgage calculator contains Ontario current mortgage rates, so you can determine your monthly payments. Our calculator also includes mortgage default insurance (CMHC insurance), land transfer tax and property taxes.

Purchase

Renewal or Refinance

Select rate

Ontario mortgage calculator

When calculating your mortgage amount and monthly payments, you need to take into account various regulations, taxes, and fees. Some of these variables are the same across Canada, while others can vary depending which province you are buying your home in.

Regulations, taxes and fees consistent across Canada

Canada-wide mortgage regulations are set by the Ministry of Finance to help protect home buyers and lenders. These regulations include guidelines on minimum down payment, maximum amortization period, and CMHC insurance or mortgage default insurance. These are included in the Toronto mortgage calculator and their details are listed below as follows:

  • The minimum down payment in Canada is 5% for homes under $1,000,000 or 20% for homes of greater value.
  • The maximum amortization is 25 years for down payments under 20% and 35 years for higher down payments.
  • Mortgage default insurance or CMHC insurance must be purchased for down payments between 5% and less than 20%. Visit Ratehub.ca’s CMHC insurance page for more details.

Regulations, taxes and fees specific to Ontario

Most taxes and fees are set at the provincial or even the municipal level. In Ontario, purchasers are responsible for obtaining Ontario mortgage rates, paying the PST on CMHC insurance, and covering Ontario land transfer taxes. For those purchasing in Toronto, additional municipal land transfer taxes will apply.

Mortgage rates in Ontario

Mortgage brokers and certain lenders can charge different mortgage interest rates depending on the province. Ratehub.ca has a comprehensive page of the best mortgage rates in Ontario , which can also be searched using the Ontario payment calculator above.

PST on mortgage default insurance or CMHC insurance applicable in Ontario

While CMHC insurance is added to your mortgage balance and paid off over the amortization of your mortgage, PST on CMHC insurance must be paid out in cash at the time your purchase closes. Ratehub.ca’s Toronto mortgage calculator automatically calculates this provincial tax and displays it in the drop down menu “Cash needed: How much extra cash will I need when my house closes”.

Land transfer tax (LTT) in Ontario

Ontario’s land transfer tax is calculated as a percentage of the property’s value, using the purchase price as an estimate. The LTT is a marginal tax with rates varying from 0.5 to 2.0 per cent of a home’s value depending on its purchase price. For detailed information on rates and calculations see Ratehub.ca’s Ontario land transfer tax page .

Land transfer tax rebate in Ontario

The Ontario government gives a maximum $2,000 rebate to first-time house buyers to offset the unwelcome cost of the LTT. Based on Ontario land transfer tax rates, this rebate refunds the full value of Ontario’s land transfer tax for homes up to $227,500 in value.

Visit our Ontario land transfer tax rebate page for more information on conditions and home buyer eligibility.

Ontario home inspectors

Home inspection fees are another Ontario closing cost to consider when purchasing a home. It’s wise to use an Ontario home inspector before purchasing a home so that you can make sure that the home you are about to buy is in good condition.

Ontario real estate lawyers

First-time home buyers in Ontario may be eligible for a tax rebate up to $2,000, which will cover the full LTT for homes $227,500 or less in value.

There are many legal aspects to consider when purchasing a home. With that in mind, it’s important to hire an experienced Ontario real estate lawyer to review all of your paperwork and help you finalize your transaction.


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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.

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Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes

Mortgage payment calculator with taxes


FHA Mortgage Insurance Calculator, mortgage calculator with insurance.#Mortgage #calculator #with #insurance


FHA Mortgage Insurance

FHA mortgage insurance lowered by .5% a year, starting Jan. 26th, 2015.

Calculate your new lower FHA mortgage insurance payment with updated FHA mortgage insurance calculator. Learn more about mortgage insurance reduction below.

FHA Mortgage Insurance Calculator – Calculate the up-front FHA mortgage insurance premium (FHA MIP or UFMIP) and the monthly FHA mortgage insurance (FHA MMI). View current FHA loan requirements based on loan amount, loan to value and mortgage amortization terms with this FHA mortgage insurance calculator based on must recent HUD mortgagee letter 2013-04 which updated FHA mortgage insurance on April 1, 2013. Updated HUD mortgagee letter 2015-1 – “Reduction of Federal Housing Administration (FHA) annual Mortgage Insurance Premium (MIP) rates”

Mortgage calculator with insurance Mortgage Insurance Calculator Instructions

Step 1: Select Loan Purpose

Step 2: Enter Sales Price and FHA Mortgage Amount

Step 3: Click “Calculate FHA Mortgage Insurance”

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What is FHA Mortgage Insurance?

The Federal Housing Administration (FHA) was created to help increase homeownership in America by allowing homebuyers to purchase a home with a low FHA downpayment of 3.5% vs. traditional 20% downpayment.

In order to encourage banks and mortgage lenders to provide financing these low downpayment mortgages, FHA provides mortgage insurance to help protect the lenders from the average 3-9% of borrowers who default on mortgages where lenders are forced to foreclose.

FHA mortgage insurance are fee’s collected upfront and/or monthly from borrowers which are used to help protect mortgage lenders (and bank depositors money) from serious financial losses due to defaults on these higher risk mortgages with down payments of less than 20%.

If there was no FHA mortgage insurance it is very likely that most home buyers would be required to put a downpayment of 20% or more when buying a home and this would lower homeownership in America and lower home prices.

Upfront FHA Mortgage Insurance Premium (FHA MIP)

The Federal Housing Administration charges borrowers an upfront mortgage insurance premium (FHA MIP) on FHA mortgages. This upfront mortgage insurance premium is based on a percentage of the FHA loan amount and is dependant on the type of mortgage.

  • Purchase FHA loans and FHA refinance mortgages – the current FHA mortgage insurance premium requirement is 1.75% of the mortgage amount

Calculate your upfront FHA mortgage insurance premium / FHA MIP using the above FHA MIP calculator or use our FHA mortgage payment calculator to calculate your full FHA monthly mortgage payment with principal, interest, taxes and insurance.

FHA Monthly Mortgage Insurance (FHA MMI)

Monthly mortgage insurance or MMI is a monthly prorated mortgage insurance which is included in FHA mortgage payments. The mortgage insurance is part of the PITI mortgage payment calculation for FHA loans.

Below are some details of current monthly FHA mortgage insurance.

  • All FHA 30 year mortgages and FHA 15 year mortgage regardless of loan to value require FHA monthly mortgage insurance.

Use our FHA mortgage calculator with taxes and insurance to calculate your exact monthly mortgage insurance premium and piti mortgage payment for either FHA 30 year mortgages or FHA 15 year mortgages.

2015 FHA Mortgage Insurance Premium Chart

Chart of current mortgage insurance rates for FHA loans updated on Jan 8th for all loans after Jan 29, 2015.


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


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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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

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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.