Payment Calculator

Here’s an easy way to estimate your expected mortgage payments, just enter the specifics below in this handy mortgage payment calculator:

The Lending Coach Mortgage Calculator

Purchase price

Please enter here the amount you expect to pay for a home.

Down payment

Down payment is cash that you pay upfront for your home.

Term in years

Number of years you have to pay.

year(s)

Interest rate (per year)

The percentage of interest that you will pay on your mortgage for a specific term.

Property Tax

Enter your property tax here if you know it.

per year

Home Insurance

Most lenders require home insurance. Enter its price here.

per year

PMI

PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.

A few suggestions….

For property tax in California, use 1.25% of the purchase price for an estimate
For property tax in Arizona, use .8% of the purchase price for an estimate
For homeowner’s insurance in Big Bear or the surrounding San Bernardino mountain areas, use $1,250 per year for an estimate
For homeowner’s insurance in all other areas, use $950 per year as an estimate

Please do reach out to me if you have any questions: