Mortgage Calculator
Purchase & Financing Information
Sale Price of Home:
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show calculations & amortization
 
Change values and recalculate to suit your needs.
Mortgage Payment Information
Down Payment: $120,000.00
Amount Financed: $1,080,000.00
Monthly Payment: $5,262.49
(Principal & Interest ONLY)
Since you are putting LESS than 20% down, you will need to pay PMI (Private Mortgage Insurance), which tends to be about $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $594.00 to your monthly payment.
Monthly Payment: $5,856.49
(Principal & Interest, and PMI)
Approximate Tax Calculation:
If a property located in Code Area 01 (Boise) has a total taxable property value of $100,000 the yearly property taxes are figured as follows:
Taxable Value $100,000 X .017617045 = Property Tax $1,761.70

If this property is assessed at 85% of calculated purchase price that would equal: $1,020,000.00. This would mean that your yearly residential taxes will be around $17,952.00 This could add $1,496.00 to your monthly payment.

TOTAL Monthly Payment: $7,352.49
(including PMI and residential tax)