Mortgage Calculator Sale Price of Home: $ Down Payment: $ Length of Mortgage: 15 Years 20 Years 30 Years Annual Interest Rate: % Annual Taxes: $ Annual Insurance: $ Show Amortization Table: Show me the amortization Calculate Calculator Terms Amortization Table A table which shows how much of each payment will be applied toward principal and how much toward interest over the life of the loan. It also shows the gradual decrease of the loan balance until it reaches zero. Down Payment The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage. Interest The fee charged for borrowing money. Homeowner's Insurance An insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents. Principal The part of the monthly payment that reduces the remaining balance of the mortgage. Taxes & Insurance These can be included in your mortgage payment and are paid into an escrow account each month for property taxes and mortgage and hazard insurance.