Want to figure out your monthly payments on a home mortgage loan? Based on the home's sale price, the term of the loan, buyer's down payment percentage, and the loan's interest rate, this calculator can help estimate what you'll need to pay out monthly for your new home.

This calculator factors in PMI (Private Mortgage Insurance) for loans with less than a 20% down payment, as well as town property taxes and its effect on the total monthly mortgage payment.

Sales Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the caluclations and amortization

Monthly Payments & Schedule

Use the calculator above to generate an amortization schedule for your current mortgage.  Quickly see how much interest you will pay and your principal balances.


Mortgage Amount
   Original or expected balance for your mortgage.

Interest Rate
   Annual interest rate for this mortgage.

Term in Years
   The number of years over which you will repay this loan.  The most common mortgage terms are 15 years and 30 years.

Monthly Payments
   Monthly principal and interest payment (PI).

Total Payments
   Total of all monthly payments over the full term of the mortgage.  This total payment amount assumes that there are no prepayments of the principal.

Total Interest
   Total of all interest paid over the full term of the mortgage.  This total interest amount assumes that there are no prepayments of the principal.

Prepayment Amount
   Amount that will be prepaid on your mortgage.  This amount will be applied to the mortgage principal balance, based on the prepayment type.

Start with Payment
   This is the payment number that your prepayments will begin with.  For a one time payment, this is the payment number that the single prepayment will be included in.  All prepayments of principal are assumed to the received by your lender in time to be included in the following month's interest calculation.  If you choose to prepay with a one-time payment for payment number ZERO, the prepayment is assumed to happen before the first payment of the loan.

   Total amount of interest you will save by prepaying your mortgage



New Windsor
117 Executive Drive, Suite 100
New Windsor, NY 12553

Phone : (845) 564-2800
Fax: (845) 564-0700


297 Mill Street
Poughkeepsie, NY 12601

Phone: (845) 486-1100
Fax: (845) 564-0700

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