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Mortgage Payment Calculator (PITI)
This calculator will compute your Total Monthly Mortgage
Payment, which consists of Payment, Interest, Taxes and
Insurance (a.k.a. PITI), and Loan to Value Ratio (LTV)
based on the property value, loan amount borrowed, loan
term and annual interest rate. You can also specify to
calculate annual property taxes and insurance.
Mortgage Payment Amortization
This calculator will compute your Monthly Payment, the
Total Interest you will pay over the term of the loan
plus the total amount you will actually pay for borrowing
the money. Simply input your information in to the required
field. You can check "Show Amortization Schedule"
box to see a breakdown of payments.
How Much Can I
Afford?
You can use this calculator as a guide to determine what
the mortgage companies will allow you to borrow and how
much will you save on taxes. There are a lot of factors,
of course, which will ultimately determine what your bank
or mortgage company will allow you to borrow, but gross
income and current debt payments are the most heavily
weighted qualifiers.
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