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Mortgage Information

Calculators

Mortgage Calculator*
This calculator computes U.S. and Canadian monthly mortgage payments based on principal, interest and term. U.S. mortgages are compounded monthly while Canadian mortgages are compounded semi-annually. Simply enter all the numbers above the Calculate Buttons, then choose either the Canadian or American Calculation and push the appropriate button.

Amortization (Years) =
Term (Years) =
Yearly Interest Rate (%) =
Cost of Home ($) =
Downpayment (%) =
Downpayment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =

Pre-qualification Calculator*
Fill in all fields above the "Submit" button and then click on that button when you have finished.

Tips:
  • Enter only numerical data and decimal points. Do not use dollar signs, percent signs, commas or other non-numerical symbols. For example, "ten thousand" should be entered as 10000 or 10000.00 but not 10,000 or 10,000.00 or $10,000.
  • Enter monthly amounts for all income and expense items. For example, if your gross annual salary is $48,000, enter your "Salary/Wages" as 4000.
  • Enter the loan term in years.
  • Enter the interest rate as the following examples show: 8, not .08 or 8%; 7.5, not .075 or 7.5%.
Monthly Income
Salary &
Wages
Other
Income
Monthly Housing Expenses
Property
Taxes
Hazard
Insurance
Other Monthly Expenses
Auto
Payment
Credit Cards &
Other Payments
Loan Term and Interest Rate
Years In
Loan Term
Interest
Rate
 
You may qualify for maximum monthly mortgage payment (P+I) of:
You may qualify for a maximum loan amount of:

*These calculators are provided for your convenience. It is to be used as a guideline only. Always rely on your mortgage loan officer for exact mortgage calculations and qualification information.

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Kevin Mihm Realtor
Kevin Mihm
Realtor, e-PRO, CRB, GRI, CRS, ABR, ABRM, CIPS, SRES
PA Real Estate License AB-047159-L
Coldwell Banker Real Estate
9600 Perry Highway Pittsburgh, PA 15237
Kevin@PittsburghNorthHomes.com
Office: 412-366-1600 x294 | Fax: 412-366-0200
Cellular: 412-260-5854
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