This basic Loan Calculator Widget calculates the Monthly loan payment with and without property Tax, Insurance, etc. Please note that this calculator can be used for any types of financing businesses such as car payment, house payment and other loan payments. However, please note that for real estate mortgage payments, other payments might be needed such as HOA (Home Owner Association) fee, Mortgage insurance (MIP or PMI) fees, Membership club fees, special Tax assessments fees, etc.

Legend:

House Value, in $, is really the amount of purchase plus all closing cost (not necessary the value of the house). Please input only integer number, no $ sign and no comma (,) separator.

Down Payment, in $, is the amount you put down for the purchase. Please input only integer number, no $ sign and no comma (,) separator.

Note: The difference between House Value and Down Payment explained above is the Loan Amount.  So, if you know the loan amount, you can input it in first cell (House value) and put Zero (0) on the second value and proceed.

Tax rate, in %, is the amount of tax for each $100 of the property's assessed value. So, for example, if a property tax rate (city + county + school + college + hospital tax rate) for each $100 value is 2.25% and the property assessed value is $200,000, total property tax in a year is ($200,000/$100) * $2.25 =$4500 per year.

Insurance rate, in %, is the Annual premium divided by the total value of the house. So, for example, if the insurance premium for the above property is $800 per year, then you need to put 0.4 in the mortgage calculate ($800/$200,000=0.4%).

Click here to see your total tax rate for your county

Click here to see your estimated closing cost

Click here to see your mortgage amortization table and also see what happens if you make additional payments at different times during the life of the loan.