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.
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.
in $, is the amount you put down for the purchase. Please input only
integer number, no $ sign and no comma (,) separator.
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.
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.
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
see your total tax rate for your county
see your estimated closing cost
see your mortgage amortization table and also see what happens if you
make additional payments at different times during the life of the loan.
see list of lenders and types of loan they offer