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Mortgage Loan Calculator

Determine your Monthly Payment

Mortgage Loan 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

Show me the calculations and amortization

Please disregard the tax portions above as taxes used in this calculator are based on national averages. We suggest using our millage rate pages for property taxes in Macomb and Oakland County, MI.

 

Need Additional Information?

Check out the benefits of getting a mortgage pre-approval or read about the various types of mortgage programs available. Ready to start your new home search? Start dreaming Now.


Rooms consultants are available to answer your questions, discuss your options, and help navigate you through the process.

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Rooms Realty

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1-586-677-5000

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8152 25 Mile Road, Unit G Shelby Twp., MI, 48095