Mortgage Payment Calculator

Five of the best sites for calculators that help you estimate a potential mortgage payment. Know of another site that should be listed here? Leave your suggestion at the bottom of this page. (Related searches: Mortgage Calculator, Mortgage, Real Estate)

1. “How Much Will My Payments Be?” Calculator at Mortgage-Calc.com - Fill in home loan amount, mortgage term (how many years), interest rate, plus annual taxes and insurance. This calculator will show you your monthly mortgage payment both before and after taxes and interest. (www.mortgage-calc.com)

2. Mortgage Payment Calculator at BankRate.com - Calculator asks for mortgage amount, term of loan (how many years), interest rate, and start date, then gives you your monthly payment. (Note it does not factor in real estate taxes or insurance that could be rolled into your monthly payment.) Also offers a calculator that shows you how extra payments could shorten the life of your loan, including the impact of a single extra payment or an extra amount in every monthly payment. (www.bankrate.com)

3. “What Would My Loan Payments Be?” Calculator at Yahoo Real Estate - Fill in your mortgage loan amount, term of loan (in months), and interest rate. Not only will this calculator give you an estimated monthly mortgage payment, it will show an amortization table that estimates how much of each payment goes toward principal and how much toward interest for every month of the loan. It also estimates how much interest you’ll pay overall if you keep your home until it is paid off. (realestate.yahoo.com)

4. Mortgage Points Calculator at BankRate.com - Use this calculator to see what your mortgage payment might be if you pay for points to reduce your interest rate versus paying no points and having a higher mortgage rate. (www.bankrate.com)

5. Mortgage Payment Calculator at Homefair.com - Fill in mortgage principal amount, interest rate, amortization length (in years), and any advance payments you might make (like paying twice per month), and this calculator estimates your monthly payment. (Note that taxes and insurance are not taken into consideration here.) (www.homefair.com)