Glenda Martinez CalBRE Lic. 01520768

Mortgage Calculator

Latest News
Mortgage rates hit a new low for the year
Posted on Thursday December 18, 2014

Amid falling gas prices and investor nervousness, the average rate for a 30-year fixed-rate loan fell to 3.8%, a rate not seen since May 2013.


Getting a mortgage is about to get easier
Posted on Tuesday December 09, 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!