Mortgage Amortization Calculator

You can use this mortgage calculator to figure out monthly payments of a home mortgage loan. This calculator automatically factors in PMI for loans where less than 20% is put as a down payment.  Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. Paramount Residential Mortgage Group Inc. does not guarantee the accuracy of any information available on this site, and is not responsible for any errors, omissions, or misrepresentations.  This calculator does not have the ability to pre-qualify you for any loan program. Qualification for
loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. Paramount Residential Mortgage Group Inc.  does not guarantee any of the information obtained by this calculator.

Home Sale Price: (dollars)
Down Payment in Percentage %
Interest Rate: %
Mortgage Term: years
Assessed Home Value: (dollars)

The assessed value is used to compute property taxes. On average, properties are assessed at about 85% of their selling price. If you know the actual assessed value for this property, enter it here. If not, leave zero and we'll use 85% of the sale price.

Property Tax Rate: (dollars per $1000)

Property tax rates vary between states and towns. The US average is about $13.80 for every $1000 of the assessed home value.

Condo/Monthly Fee(s): (dollars)
Explain Calculations: Show the calculations and amortization