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Mortgage Calculator

Mortgage Calculator to calculate mortgage payments

If you are buying or selling real estate, please use our mortgage calculator to calculate mortgage payments of a mortgage based on mortgage rates and mortgage terms.

Calculate the monthly mortgage payment of the homes you are interested in to narrow your search of homes for sale to only those homes you can afford. You may also want to research available mortgages by visiting our mortgages page.

Mortgage Calculator

This mortgage calculator will calculate the monthly mortgage payment based on the required mortgage loan amount, current mortgage rates, and loan terms. You may research mortgages for more information regarding qualifying for a home loan.

Following are instructions to calculate a mortgage for buying a home:

1. Subtract your estimated down payment from the price of the home you wish to buy and enter the value in "Loan Amount" (Remember that if the down payment is less than 20% of the sale price you will have the added expense of Mortgage Insurance which is not figured into this calculation.)
   

2. Estimate Annual Property Tax and Homeowners Insurance and enter these values. Property taxes are usually 1.25% of the property value. (Sales Price x 1.25% = Annual tax then Annual Tax / 12 Months = Monthly Tax). Homeowners Insurance is usually .003 of the sales price. Use same formula as above.
   

3. Each time you change a value hit "Calculate Now" to see what the effect is. 

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Can you afford a mortgage?

Once you have used our mortgage calculator to calculate an estimated mortgage payment, we suggest that research various types of mortgages or learn exactly how much of a home you can afford with a free mortgage pre-qualification.

Here are some additional mortgage calculators.

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Orange County Real Estate Info

Before buying or selling Orange County real estate learn more each step of the real estate and mortgage process.

Below is useful information by category: 

  Search Orange County Real Estate

  How Much "Home" Can You Afford

  Buying a Home with Bad Credit

  Are You a First Time Home Buyer

  No Money Down

  Buying a Home

  Selling a Home

  Mortgages

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  Orange County Schools

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  Free Credit Report

  Mortgage Calculator

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  Home Buying Guides & Worksheets

  How Much is Your Home Worth

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