The Mortgage Calculator tries to figure out a home owners mortgage payments, and the breakdown of each monthly payment.

The calculator accepts:


Based on the four items that the user enters, we can figure out the down payment (in US Dollars), the ammount that the buyer needs to finance, and the monthly finance payment. The calculator can also break down the monthly payments so we know how much goes towards the mortgage's interest, the mortgage's principal, the loan's Private Mortgage Insurance (if less that 20% was used as a down payment), and an rough estimate of the property's residential tax