Mortgage Calculator
To the monthly payment calculated, add
PROPERTY TAX and HOMEOWNER'S INSURANCE.
[See Examples Below]
Complete These Three Columns: Monthly Payment Monthly Interest
Number of
Monthly
Payments
Simple
Interest
Rate
Principal
Amount
of Loan
Your
Monthly
Payment
Will Be
Your
Total
Interest Cost
Will Be
$
Calculating Property Tax:
[purchase price] x 1.35% = annual tax
Ex: $500,000 purchase price x 1.35% = $6750
$6750/12 = $562.50 per month

Homeowner's Insurance: May run approximately $75 to $100+ per month, depending on purchase price and extent of coverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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