Mortgage Payment Calculator
A mortgage loan is a type of secured loan where you can avail funds by providing your asset as collateral to the lender. Estimate your payment each month, interest, PMI and amortization schedule on mortgage by using this mortgage calculator.
What Is a Mortgage?
A mortgage is a loan, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.
Individuals and businesses use mortgages to make large real estate purchases without paying the entire purchase price up front. Over many years, the borrower repays the loan, with interest.