There are a number of factors that should be taken into consideration that will raise your monthly payment that are not included with this calculator. If your down payment is less than 20% of your homes price you will need to pay PMI. PMI tends to be $55 a month for every $100,000 financed. Property taxes will have to be considered in your monthly payment.

Once you have submitted your figures and submited them to the calculator the results will appear below.

This mortgage calculator is meant to give you an idea of what you can expect to pay for your home. It should not be used for exact payments.