## Fixed rate mortgage calculator with points

To specify the mortgage that you want to work with, select an entry from the "Mortgage Type" dropdown box. The current entry is "Fixed-Rate Mortgage", so the current analysis will find the monthly mortgage payment for a Fixed-Rate Mortgage. What interest rate does the calculator use for adjustable-rate mortgages? The 30-year fixed-rate mortgage calculator estimates your monthly payment as well as the loan’s total cost over the term. With a home price of \$400,000, an \$80,000 down payment and a 4% interest 15 Year Fixed Rate Mortgage Calculator. Use this free tool to figure your monthly payments on a 15-year FRM for a given loan amount. Current 15-year home loan rates are shown beneath the calculator.. Calculator

## Fixed-rate mortgage calculator. Use our free fixed-rate mortgage calculator to estimate how much your monthly mortgage payments will be with a fixed interest rate mortgage. To calculate your fixed-rate mortgage, add the cost of your home in the field and select calculate my payment.

Fixed-rate mortgage calculator. Use our free fixed-rate mortgage calculator to estimate how much your monthly mortgage payments will be with a fixed interest rate mortgage. To calculate your fixed-rate mortgage, add the cost of your home in the field and select calculate my payment. This calculator will calculate the monthly payment and interest costs for up to 3 loans -- all on one screen -- for comparison purposes. To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "Compute.". For example, on Nov. 27, 2013, the average national rate for a 30-year fixed-rate mortgage was 4.33 percent. If you buy a home for 200,000, which is under the national average, your monthly payment would be \$993.27, and you would pay \$157,576.91 in interest alone. If your interest rate was only 1 point more, Loan term —the amount of time over which the loan must be repaid in full. The most popular lengths are 30 years and 15 years. Normally, the shorter the loan term, the lower the interest rate. Interest rate —the rate of interest charged by a mortgage lender. It can be fixed (otherwise known as a fixed-rate mortgage,