Mortgage Calculator
Mortgage Calculator
Mortgage Payment Information
| Down Payment: | $0 |
| Amount Financed: | $0 |
| Monthly Payment: | $0 |
| (Principal & Interest ONLY) |
Since you are putting LESS than 20% down, you will need to pay PMI (Private Mortgage Insurance), which tends to be about $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $ to your monthly payment.
TOTAL Monthly Payment: $0 (monthly + pmi)
TOTAL Monthly Payment: $0 (monthly + pmi)
Residential (or Property) Taxes are a little harder to figure out... In Massachusetts, the average resedential tax rate seems to be around $14 per year for every $1,000 of your property's assessed value.
Let's say that your property's assessed value is 85% of what you actually paid for it - $0. This would mean that your yearly residential taxes will be around $0, and this could add $0 to your monthly payment.
- The down payment = The price of the home multiplied by the percentage down divided by 100 (for 5% down becomes 5/100 or 0.05)
$0 = $0 X 0 / 100) - The interest rate = The annual interest percentage divided by 100
0 = % / 100 - The monthly factor = The result of the following formula:
The monthly interest rate = The annual interest rate divided by 12 (for the 12 months in a year)
0 = 0 / 12 - The month term of the loan in months = The number of years you've taken the loan out for times 12
Months = Years X 12 - The monthly payment is figured out using the following formula:
Monthly Payment = 0 * (0 / (1 - ((1 + )-(0))))
The amortization breaks down how much of your monthly payment goes towards the bank's interest, and how much goes into paying off the principal of your loan.
Amortization For Monthly Payment: $0 over 0 years
Year 0
| Month | Interest Paid | Principal Paid | Remaing Balance |
|---|---|---|---|
| 0 | $0 | $0 | $0 |
Totals for year 0
You will spend $0 on your house in year 0$0 will go towards INTEREST
$0 will go towards PRINCIPAL
For more information or To schedule a showing now
For more information or To schedule a showing now
DRE #1527365
12860 El Camino Real, Suite 100 San Diego, CA 92130
Linda Lederer Bernstein is a team of real estate agents affiliated with compass. Compass is a licensed real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
Based on information from California Regional Multiple Listing Service, Inc. as of [date the AOR/MLS data was obtained] and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
® 2024 Surf and Turf Homes - Linda Lederer Bernstein. All Rights Reserved. Sitemap
Powered by: 
