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. Property taxes are not taken into consideration or included
in the total monthly mortgage payment as they vary by city, county and school
district.