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
Megan Root
CA DRE# 01351843
6965 El Camino Real #105-418
Carlsbad, CA 92009
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619.350.4100
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For more information or To schedule a showing now
For more information or To schedule a showing now
CA DRE# 01351843
6965 El Camino Real #105-418, Carlsbad, CA 92009
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS.
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