This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
The information shown is for illustrative purposes only and does not represent a credit decision or commitment to lend. These figures apply to a borrower with excellent credit and are subject to change without notice. Products and terms may not be available for your situation. Pricing add-ons related to loan amount, property type, loan-to-value, credit score and other variables may apply. Please contact your NOVA® Loan Officer for further information about fees and terms, and to discuss your specific situation.