Glenda Martinez CalBRE Lic. 01520768

Mortgage Calculator

Latest News
For rich people, mortgages are getting cheaper and easier
Posted on Sunday September 21, 2014

Big pocketed borrowers are paying lower average rates on jumbo loans and lenders are now requiring down payments of just 10% -- and, in some cases, waiving the mortgage insurance, too.


Millennials are staying put at mom and dad's place
Posted on Thursday September 18, 2014

Read full story for latest details.


Are you a homebuying genius?
Posted on Tuesday August 12, 2014

From mortgages to closing costs, test your knowledge of these homebuying essentials.


 

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.

Feel free to contact us if we can be of any service!