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. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
Note: The figures given here are estimates. Talk to a lender to get pre-qualified, to find out the best available loan options, and to calculate a reasonable loan amount for your specific needs. If you need help or further guidance, contact Kenna Real Estate.