This calculator requires the use of Javascript enabled and capable browsers. It is designed to calculate your mortgage payment and show other financials of interest to you as a mortgagee. Enter the mortgage term length duration (term) in years; the default is 30 years. Enter the interest rate in a whole number of the percent. For instance, if you were to get lucky enough for this rate, 5 percent would be entered as 5 not .05; 5.5 would be 5 and 1/2 percent. The default is 5 percent. Enter the ENTIRE amount of your financed mortgage, including any closing costs or other expenses that will be in the loan. The default is $160,000.00 for the loan. Do not use commas or the dollar sign ($) on any of the entries. Enter the estimated annual taxes and insurance impound; those defaults are $1,500.00 and $1,000.00 respectively. If you are NOT impounding them, enter a zero (0). Click on Calculate Mortgage for results.
