Mortgage Payment Calculator

As a general rule, online mortgage calculators can be misleading. Many people take the auto inputs as gospel and end up severely disappointed when they find out their actual mortgage payment is higher than the “magical” mortgage calculator they found online. This mortgage payment calculator tries to minimize that. It requires the homeowner’s insurance and property taxes as manual inputs, so you’ll need an accurate insurance quote and must do the math on property taxes. When you buy a house, YOUR property taxes will be higher than the CURRENT property taxes, because the new sales price becomes the new assessed value for the PVA. I often estimate 1.2% for property taxes, but tax rates vary widely—from around 0.98% to 1.4% in most areas. Some areas are even higher or lower. So, do your research early and avoid disappointment. Or call me. I can help. 🙂