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Mortgage Payment Calculator Instructions

  1. Subtract your estimated down payment from the property price and enter the value in "Loan Amount" (Remember that if the down payment is less than 20% of the sale price you will have the added expense of Mortgage Insurance which is not figured into this calculation.)
  2. Enter the current interest rate. Contact Sue Chapin or your local bank to find that out!
  3. Estimate Annual Tax and Insurance and enter these values.
  4. To test the effect of different loan periods try alternatives to the default of "30" years.
  5. Each time you change a value hit "Calculate Now" to see what the effect is.
Put Inputs Here

Years:

Interest:

Loan Amount:

Annual Tax:

Annual Insurance:

Results

Monthly Principle + Interest

Monthly Tax

Monthly Insurance

Total Payment

 

 

   

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Email Doug Chapin Email Sue Chapin
Broker, REALTOR Associate Broker

Sue Chapin
Associate Broker, CRS, GRI
CHAPIN & ASSOCIATES
329A E. Second St.
Frederick MD  21701
Phone: 240-436-6200 x 102


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