This is very simple and free online mortgage calculator. Enter mortgage amount, term, interest rate and you’ll get you monthly payment instantly.
Mortgage amount – how much money you need to borrow.
Mortgage term – for how long you need to take loan.
Interest rate – the rate you expect to get loan for.
- Interest Rate – the rate you will get can vary based on factors like
down payment and credit score. Mortgage term also can affect the rate
- You should keep in mind about additional monthly expenses like home insurance and property taxes which are not included in this mortgage calculator.