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Mortgage Calculator

Latest News
Want to make money as a landlord? Try Detroit
Posted on Wednesday April 16, 2014

Want to make money as a landlord? Consider Detroit... seriously.

Nearly 2 million homeowners no longer 'seriously' underwater
Posted on Thursday April 17, 2014

Surging home prices have helped nearly two million homeowners get back above water on their mortgages over the past year.

Detroit to auction vacant homes. Starting bid: $1,000
Posted on Tuesday April 15, 2014

In its ongoing battle to fight blight, Detroit is launching a website where it will auction off vacant homes seized in tax foreclosures.


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!