Personal Finance Information


Calculator: What Will My Monthly Mortgage Payment Be?



Because a mortgage is such a large loan, small changes in interest rate or loan term can make a big difference in your payment and how much mortgage you can afford.

Use this calculator to play with different scenarios to see what will work best for you. And talk to your credit union mortgage loan officer for information about your options.



Loan amount   $
Loan term (years)  
Annual property taxes   $
Annual property insurance   $
Interest rate  



MONTHLY PAYMENTS:
Principal and interest   $
Taxes and insurance   $
Total monthly payment   $


This calculator is solely for informational purposes and provides reasonably accurate results; the calculations are not intended to be relied upon as actual mortgage payment computations.

Published May 5, 2000

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Share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000 as of October 3, 2008. The Emergency Economic Stabilization Act of 2008 increased the insurance coverage on all accounts up to $250,000 until December 31, 2009.

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