Q:

Where can I find a mortgage payment calculator?

A:

Quick Answer

Bankrate provides a mortgage payment calculator for prospective home buyers. This mortgage calculator is free to use and can help prospective buyers determine what their monthly mortgage payment may be, which can help determine how much buyers can afford, states Bankrate.

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Where can I find a mortgage payment calculator?
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Full Answer

To use the mortgage calculator offered by Bankrate, users need specific information, including the estimated mortgage amount and the estimated interest rate, notes Bankrate. Consumers also need to know the length of the mortgage to get estimated payment amounts. The Bankrate mortgage calculator additionally helps buyers determine how their monthly payments are distributed between the principal balance and interest.

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