Amortization Calculator
If you are buying real estate, be sure that the loan amount (principal) is sale price of the property less the down payment. For example, property with a sale price of $100,000 which you might buy with 10% down ($10,000) would require a loan of $90,000.
Nota Bene: The payment amount for this calculator will only include principal and interest. But it doesn't stop there if you are trying to determine what your monthly payment will be when buying real estate. In addition to P&I, other money may be collected regularly by the bank or mortgage company to meet future payments of property taxes, mortgage insurance, homeowner's insurance, or other fees. This escrow payment is added on top of the monthly P&I, and is usually independent of the terms of the loan. Depending on the bank, you may be assessed a one-time escrow management fee at closing.
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| Monthly Payment
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