Mortgage Calculator

(scroll down for help)

Total Amount ($)

Down Payment ($)

Interest Rate (%)

Amortization Period (years)

Our Mortgage Calculator is very easy to use. Simply input the total purchase price of the home. Next, enter into the mortgage calculator the amount that you are putting down on the home. If you are refinancing, Total Amount would be the estimated value of your home and Down Payment would be the value of your home minus your current mortgage payoff. Next, input the interest rate – accurate rates can be obtained on our interest rate page. Amortization period is the number of years to payoff your loan – standard loan terms are 15 and 30 years. Taxes and insurance should be added to obtain your total payment. Taxes can be obtained on Marion County Property Appraiser’s website, or on most realtor property printouts. Most insurance agents will be happy to provide an estimate for home owner’s insurance. Finally, if you are putting down less than 20% your payment will also include mortgage insurance. For a more exact payment or to obtain a pre-approval schedule an appointment with one of our loan specialists.

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