Mortgage Payment Calculator with Taxes and Insurance
Mortgage Payment Calculator Use
Calculate your total monthly mortgage payment. When calculating a new mortgage where you know approximately your annual taxes and insurance, this calculator will show you the monthly breakdown and total. This is a good estimate; when keeping taxes and insurance in an escrow account the payment charged by your financial institution could be different.
For a simple calculation without insurance and taxes, use this mortgage calculator without taxes and insurance.
- Mortgage Amount
- the original principal amount of your mortgage when calculating a new mortgage or the current principal owed when calculating a current mortgage
- Mortgage Term
- the original term of your mortgage or the time left when calculating a current mortgage
- Interest Rate
- the annual nominal interest rate or stated rate on the loan. Note that this is the interest rate you are being charged which is different and normally lower than the Annual Percentage Rate (APR).
- If your financial institution will be keeping an escrow account, billing you, and handling the payment of your property taxes then include that yearly amount here.
- If your financial institution will be keeping an escrow account, billing you, and handling the payment of your property insurance then include that yearly amount here.
- Monthly Payment
- the payment amount to be paid on this mortgage on a monthly basis toward principal & interest, taxes and insurance.