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Loan Payment Calculator

Below you'll find a simple loan calculator which allows you to input different interest rates, loan amounts, and mortgage length so you can estimate your monthly payment. Plus, you can also see an amortization schedule of a loan which will show you how much of your payment goes towards the principle and how much towards interest. This loan calculator should be used only as an estimation as it doesn't allow for taxes and insurance.

Input

Loan Info
Amount	($)
Interest	(%)
Loan Length	(Yrs)
Property Info
Home Value	($)
Taxes and Insurance
Annual Property Taxes	($) (%)
Annual Insurance	($) (%)
Annual PMI	($) (%)
Show amortization table

Financial Analysis

Monthly Payment	$1,247.74
Monthly Property Taxes	$250.00
Monthly Insurance	$125.00
Loan to Value	80.000%
Months with PMI	0
Monthly PMI	$0.00
Total Monthly Payment	$1,622.74

DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy