About The Mortgage Calculator

A Mortgage Calculator is a very useful tool in helping you to calculate how much your monthly mortgage payments will be. Be reminded that the mortgage calculator only calculates Principal and Interest. It does not include your taxes and insurance.

However, once you use the mortgage calculator to determine Principal and Interest, it is much easier to add Taxes and Insurance. Taxes and Insurance can vary from house to house, depending on condition, price and location.

Below is a very simple easy to use mortgage calculator. Please enter your loan amount e.g. $100,000 in the section that say Loan Balance. Enter the number 6 where it says Interest Rate, then click on the button which says Calculate the  Payment. You should see the amount of $599.95 appear in the Monthly payment box. This amount represents your monthly Principal and interest over the life of a 30 year loan.