This mortgage calculator can be used
to figure out monthly payments of a home mortgage loan, based
on the home's sale price, the term of the loan desired, buyer's
down payment percentage, and the loan's interest rate. This
calculator factors in PMI (Private Mortgage Insurance) for
loans where less than 20% is put as a down payment. Also taken
into consideration are the town property taxes, and their
effect on the total monthly mortgage payment.
