MORTGAGE CALCULATOR

Wanting to determine your monthly payments on a home purchase? Fill out the simple information below and find out.

Mortgage Calculator

Get an estimate on monthly payments on a property.

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment

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Loan Amount

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How to use the Mortgage Calculator

Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you'll pay over the life of your mortgage. To use this calculator, you'll need the following information:

House Price

The dollar amount you expect to pay for a home.
Down Payment

The down payment is money you give to the home's seller. At least 20% down typically lets you avoid mortgage insurance.
Mortgage Term (Years)

This is the length of the mortgage you're considering. For example, if you're buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.
Interest Rate (%)

Estimate the interest rate on a new mortgage by checking Bankrate's mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.
Mortgage Principle

This amount is simply the total number of dollars borrowed towards the purchase of the house, how much you'll be paying off over the lifetime of the loan.
Total Payments

Broken up over a certain number of years, this is how many monthly payments you will need to make to pay off the entire principle.
Monthly Payment

Each month, this is the amount of money that will need to go towards the mortgage payment.

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MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

MORTGAGE CALCULATOR