Mortgage Calculator
Full mortgage payment with taxes, insurance and amortization chart. Monthly principal and interest = P × [i(1+i)^n] ÷ [(1+i)^n − 1]. Total monthly estimate adds annual property tax ÷ 12, insurance ÷ 12 and, below 20% down, a clearly labeled model PMI estimate. How it works PMI is typically removed once your equity reaches 20–22% of the home value, either through payments or appreciation. Ask your lender about the exact cancellation rules. Validation: Down payment cannot exceed 100%; Interest rate should be positive; Term must be positive integer; PMI applied if down payment < 20%