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.
The calculators on this page are provided solely as a means to perform basic
mortgage calculations or to run different "what if" scenarios. The figures
derived from using these calculators are not used in your mortgage
application approval process. First Heritage Financial, LLC is not liable
for the accuracy or validity of these calculators and provide these
functionalities as a convenience only.