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HOW MUCH WILL MY PAYMENTS BE?

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Payment / Amortization Calculator

Calculate your monthly payment for fixed rate or adjustable rate loans.

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Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

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Your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment. Even the value of your home will affect your payment.

Just as an example, let's say you are borrowing $250,000.00 for 30 years with an interest rate of 5.875%. If the value of your home is $300,000.00, your property taxes $3,000.00 per year and your insurance is $1,500.00 per year, you can expect to be making a total payment of $1,958.01. This is because you need to pay $1,478.84 toward the actual loan, plus $250.00 for real estate taxes and $125.00 toward insurance.

Since your loan to value ratio is 83.33%, you will also have to pay PMI for 35 months which will add an extra $104.17 a month. Don't forget to drop the PMI when the 35 months is complete and you might save yourself some money each month. Canceling your PMI will require a reappraisal of your home in most cases.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

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Managing RMLO: P. Garrett Clayton (NMLS# 135394)

© 2019 AmCap Mortgage, Ltd. All Rights Reserved

AmCap Home Loans, BK-0947259, is a DBA of
AmCap Mortgage, Ltd., BK-0929916 (NMLS ID# 129122 - www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/129122), an Equal Housing Lender.

9999 Bellaire Boulevard, Suite 700

Houston, Texas 77036

Call Us Toll Free 1 844-MYAMCAP

Toll-free consumer hotline available at 1-800-919-9101

Managing RMLO: P. Garrett Clayton (NMLS# 135394)

© 2019 AmCap Mortgage, Ltd. All Rights Reserved