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Mortgage Payment Calculator with Amortization Schedule The mortgage calculator will calculate a mortgage's monthly repayment based on the current interest rate, amount borrowed (including optional fields of land taxes & rates, home insurance & mortgage insurance - leave them blank if you are unsure). Once you have the monthly payment from the calculator, click on the "Create Amortization Schedule" button to create a report you can print out. if you are unsure of anything the large boxes in the calculator (on the right) contain helpful instructions. Mortgage loan amount: Explain/Instruct Annual interest rate (APR): Mortgage loan term (# years): Annual real estate taxes: Annual homeowners insurance: Monthly Mortgage Insurance: ? Monthly Principal and Interest Payment: Explain/Instruct ? Monthly Taxes,Home Insurance and Mortgage Insurance payment: ? Total monthly mortgage payment: