What's the simplest way to calculate a mortgage?

I know these things are complicated and there are several different types of mortages and considerations. I've never bought property before and hope to buy my first place in 12 months. In order to do some basic research, how can I calculate what a mortgage might be? A friend told me something like for every $100k in the loan, you can expect your mortgage to be $xxx. I forget what xxx equals.What's the simplest way to calculate a mortgage?
Download an ammortization schedule. You can find out exactly what your mortgage will be.


Add 15% on top of your monthly payments for taxes etc.What's the simplest way to calculate a mortgage?
Lots of calcuators on the internet.
You can find many mortgage calculator on line.Simple rule of thumb to calculations is to find price of house minus your down payment equal 1 percent monthly payment.
Go to the Yahoo home page, and click on the Real Estate link. There's a mortgage calculator on there.





I'm a Realtor, and I use this all the time!
There are several mortgage calculators around the internet, Y! has some in their Finance section, http://www.bankrate.com has many as well for different types of programs.





Between the lines I read this question as, asking what you can actually afford in a home. A quick way to figure out what kind of mortgage payment you can maintain in the lenders eyes, is to take your gross annual income and divide by 12, to get your monthly gross income. Divide that number by two, to get your 50% monthly DTI ratio. Subtract your monthly debt payments (credit card min. payments, auto loan payment, other credit account payments, etc...). This will be what the lenders assume is your maximum PITI (principal, interest, taxes, and insurance) payment.





You'll then need to subtract approximations for taxes %26amp; insurance in your area, to get you P%26amp;I payment cap. This is what you should be looking to match up with when you run numbers through mortgage calculators.
Use yahoo mortgage calculator.








http://realestate.yahoo.com/calculators/鈥?/a>
find a mortgage calculator on the internet
Search the web for an easy mortgage calculator.





Also, research the benefits of making extra payments to your principle. When you pay your monthly payment, you pay the interest on the unpaid portion of the loan first, what's left over goes to principle. So, if you pay a little extra, all that extra goes directly to principle which gradually reduces the amount of interest you pay thereby increases the amount each month that goes to principle. The effect can be amazing, cutting your loan life by a lot of years and the total amount of interest by as much as 33% or more.