Now, you want to buy the home of your dream. The more reason why it is important to know what your monthly principal and interest payment will be. Our condo mortgage calculator saves you time while helping you to determine the financial implications and monthly repayments. Our condo mortgage calculator takes into account the loan principal, number of payments per year, interest rate and other costs associated with the mortgage. it helps to add up all of your income sources and compare this to all your monthly debt payments. This is the best way to know the type of home you can afford.
How to use condo mortgage calculator?
This free condo mortgage calculator shows the cost per month and the total cost over the life of the mortgage, including pmi, fees & interest.
Enter the cost of the house, the down payment, the interest rate, and the term of the mortgage. Click "Calculate" button to estimate monthly payment and see condo loan amortization graphics. Click “Show amortization schedule” to see page with the cond mortgage payment schedule, broken down by months. You can also download the mortgage payment schedule as a PDF file for printing.
This mortgage calculator has only been designed to give a useful general indication of costs. It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information.