To use the Mortgage Payment Calculator, start by entering: To calculate your total finance charge on a fixed term mortgage, multiply the number of times youвЂ™ll have to make payments by the total monthly payment amount, then subtract the principal from the answer you get. Are you refinancing or purchasing a home? If so, this is a good way to change terms of a prospective loan length and learn what payment may work best for you. But you will need to prove current value.ДЇAQ: Great tool for anyone refinancing or buying a home. (PMI is required if you make a down payment of less than 20 percent or have less than 20 percent equity when refinancing it may be canceled once you exceed 20 percent equity). If you do, it calculates the length of time you'll need to have PMI based on the regular amortization of the loan, that is, over the course of time through making regular payments. It also takes into account property tax, homeowner's insurance and private mortgage insurance (PMI) information to provide you with the most accurate calculation possible of what your mortgage payments would be.Д«ecause you also enter the property value, the calculator can let you know if you're going to need PMI or not. Our Mortgage Payment Calculator allows you to easily determine what your monthly payments would be on a fixed-rate mortgage of a given amount, length (term) and interest rate. Run some numbers and see what is comfortable for you. Calculate Mortgage Refinance or Home Purchase Payments

Home finance calculator