Loan Calculator

Use this mortgage calculator to figure out monthly payments of a home mortgage loan by entering in the home's sale price, the term of the loan desired, buyer's down payment percentage, and the interest rate of the loan. This calculator automatically 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-home property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information
Sale Price of Home:	(In Dollars)
Percentage Down:	%
Length of Mortgage:	years
Annual Interest Rate:	%
Explain Calculations:	Show me the calculations and amortization

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