Online Mortgate Annuity Calculator

Picture of house for sale - mortgage loan calculator page my annuity store, inc.

My Annuity Store's Mortgage Calculator

Use our mortgage calculator to estimate your monthly mortgage payment. You can input a different home price, down payment, loan term, and interest rate to see how your monthly payment changes.

With interest rates near all-time lows, many of our clients either have or are considering, re-financing their Mortgage.

Our Mortgage Calculator can be very helpful in calculating the potential monthly savings you will see in the form of a reduced mortgage payment. 

If you are unsure what your interest rate is, or will be, we suggest visiting Mortgage rates page to get an idea of what interest rate to input into the mortgage calculator below. As of October 18, 2020, 30 Year Re-Finance Mortgage Rates were available at as low as 2.50% (2.57% APY).

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Mortgage Calculator Inputs

Below are a list of all input field required by our Mortgage Calculator along with an explanation for each.

Price of Real Estate: Enter the purchase price of a home.

Down Payment Percent: Percent of purchase price placed as a down payment. To get this number to divide your down payment by the purchase price of the home.

Amount of Loan: The amount you plan to borrow (Price of Real Estate minus Down Payment Amount)

Number of Payments: The number of payments in your mortgage; 12 multiplied by mortgage term in years. (i.e. 12 months multiplied by 30 years equals 360 payments)

Annual Interest Rate: Input your interest rate for a mortgage loan (estimates can be found at the Mortgage Rate page on

Points?: Enter any points included in your mortgage (this defaults to zero)

Annual Insurance: Annual cost of your homeowner’s insurance

Private Mortgage Insurance (PMI): Annual cost of any private mortgage insurance you purchase (typically only required if the loan amount is more than 80% of the home’s value)

Payment Method?: Select if your mortgage payments will be made at end of the period or the beginning of the period.

After you input these variable press the “Calc” button and the Mortgage Calculator will immediately calculate and populate your:

  • Monthly Payment Amount
  • Down Payment Amount
  • Total Interest
  • Total Principal & Interest Paid

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