Fixed Rate Mortgage Calculator

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Fixed Rate Mortgage

A fixed rate mortgage is a mortgage where your interest rate does not change, and your monthly payment does not change.

There are two main types of fixed rate mortgages:

30 year fixed rate mortgage
15 year fixed rate mortgage

[ Fixed Rate Mortgage ]

Fixed Mortgage Calculator

Financial Details

	Purchase price:	$ 100,000.00
	Down Payment:	$ 0.00
	Points:	$ 1,000.00
	Loan Amount	$ 99,000.00
	Interest rate	6.9 %
	Interest compounding	Monthly

	Total amount financed	$ 99,000.00
	Payment amount	$ 652.01
	Monthly Insurance	$ 83.33
	Monthly PMI	$ 41.25
	Nb. of months with PMI	147
	Total Interest	$ 135,725.09
	Total Insurance	$ 30,000.00
	Total PMI charge	$ 6,063.75
	Total finance charge	$ 171,788.84