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Mortgage Calculator

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
Purchase & Financing Information
Sale Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization
 


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Mortgage Rates News

Wells Adds 6,000 Servicing Jobs in 6 Months
In August 2009, Wells Fargo Home Mortgage reported that its U.S.-based servicing staff stood at 11,500.

At the time, the company noted that it was staffing up to handle a backlog of pending loan modifications.

As of February, Well Fargo's servicing staff climbed to more than 14,500 employees, according to data reported by Moody's Investors Service....
AMCs, BPOs and Appraisal Compliance
Coester Appraisal Group reported that its survey of more than 1,500 licensed and certified appraisers found that average turnaround on appraisals was two to three days regardless of whether the appraisal was ordered through a third party or not.

An alternative to broker price opinions was released last month by Valligent.

Global DMS announced its appraisal process management software is up-to-speed with the new Federal Housing Administration appraisal requirements and guidelines....
Fifth Third Expanding in Tennessee
Fifth Third announced plans to expand in Tennessee.

The company said Geoff Hill was tapped to oversee the expansion as head of a new Tennessee mortgage division.

A spokeswoman told MortgageDaily.com in an interview that the bank entered the market with its 2004 acquisition of another bank....
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