This mortgage calculator can be used to figure an estimated monthly payment for a home mortgage loan, based on the home’s sale price, the term of the loan desired, your 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 property taxes, and their effect on the total monthly mortgage payment. Property taxes are estimated. For exact mortgage payment calculations e-mail Town and Country Bank or call Fritz at 217-652-7653.


