Wisconsin Home Mortgages, Madison Home Mortgages, Brookfield Home Loans

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Mortgage Calculator

Use this simple mortgage calculator to see your monthly mortgage payments as well as add additional payments such as mortgage insurance and property tax. Entering these numbers will give you a quick estimate of whether or not the loan is within your budget. Begin by entering your loan amount, interest rate, term of loan in years, annual tax and annual insurance. Then click the calculate button to see how much your payments will be.

Mortgage Calculator
Loan Amount: $
Interest Rate: %
Years:
Annual Tax: $
Annual Insurance: $
 
Monthly Principle + Interest: $
Monthly Tax: $
Monthly Insurance: $
Total Payment: $


Refinance Calculator

This calculator will calculate the monthly payment and net interest savings (if applicable), but it will also calculate how many months it will take to break even on the closing costs (if applicable). Note: Be sure to only include the principal and interest portion of your monthly mortgage payment, i.e., do not include any escrow portions (property taxes, insurance, etc.).

First Mortgage
Enter the principal balance of your first mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your first mortgage's current interest rate:
Second Mortgage (Optional)
Enter the principal balance of your second mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your second mortgage's current interest rate:
Refinancing
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs :
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?
This is how much your monthly payment will be if you refinance:
Monthly payment (decrease)/increase:
Number of months for interest savings to offset closing costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you refinance:
Net Refinancing Savings (interest savings less closing costs):
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Mortgage Calculators
Calculate your monthly mortgage payments online.
Find out more ›
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What People Are Saying About Us

"How Jim got me into my first condo with no money down and a reasonable payment was superb. I’m glad I came to Providence Home Lending. It’s great to own a place…and not have to pay any more rent"

T.H., Customer from Madison
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Ask the Expert

If you don’t open an Escrow account when you start your mortgage, you can do so later if you wish. Find out more.