Las Vegas real estate - homes and condos

Mortgage Calculator

Use the mortgage calculator below to determine what your monthly payment will be on your new property. You can change the purchase price, down payment, length of the loan, aor the interest rate.

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Purchase & Financing Information

Price: $125,000
Property ID: 227485

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Sale Price of Home:	(In US Dollars)
Percentage Down:	%
Length of Mortgage:	years
Annual Interest Rate:	%
Explain Calculations:	Show me the calculations and amortization
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Mortgage Payment Information

Down Payment:	$12,500.00
Amount Financed:	$112,500.00
Monthly Payment:	$711.08 (Principal & Interest ONLY)
	Since you are putting LESS than 20% down, you will need to pay PMI (Private Mortgage Insurance), which tends to be about $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $61.88 to your monthly payment.
Monthly Payment:	$773 (Principal & Interest, and PMI)
	Residential (or Property) Taxes are a little harder to figure out... In , the average residential tax rate seems to be around $14 per year for every $1,000 of your property's assessed value. Let's say that your property's assessed value is 85% of what you actually paid for it - $106,250.00. This would mean that your yearly residential taxes will be around $1,487.50 This could add $123.96 to your monthly payment.
TOTAL Monthly Payment:	$897 (including PMI and residential tax)

Amortization For Monthly Payment: $711 over 30 years

Month	Interest Paid	Principal Paid	Remaing Balance
1	$609	$102	$112,398
2	$609	$102	$112,296
3	$608	$103	$112,193
4	$608	$103	$112,090
5	$607	$104	$111,986
6	$607	$104	$111,881
7	$606	$105	$111,776
8	$605	$106	$111,671
9	$605	$106	$111,565
10	$604	$107	$111,458
11	$604	$107	$111,350
12	$603	$108	$111,243
Totals for year 1
	You will spend $8,533 on your house in year 1 $7,275 will go towards INTEREST $1,257 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
13	$603	$109	$111,134
14	$602	$109	$111,025
15	$601	$110	$110,915
16	$601	$110	$110,805
17	$600	$111	$110,694
18	$600	$111	$110,583
19	$599	$112	$110,471
20	$598	$113	$110,358
21	$598	$113	$110,245
22	$597	$114	$110,131
23	$597	$115	$110,016
24	$596	$115	$109,901
Totals for year 2
	You will spend $8,533 on your house in year 2 $7,191 will go towards INTEREST $1,342 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
25	$595	$116	$109,785
26	$595	$116	$109,669
27	$594	$117	$109,552
28	$593	$118	$109,434
29	$593	$118	$109,316
30	$592	$119	$109,197
31	$591	$120	$109,077
32	$591	$120	$108,957
33	$590	$121	$108,836
34	$590	$122	$108,714
35	$589	$122	$108,592
36	$588	$123	$108,469
Totals for year 3
	You will spend $8,533 on your house in year 3 $7,101 will go towards INTEREST $1,432 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
37	$588	$124	$108,346
38	$587	$124	$108,222
39	$586	$125	$108,097
40	$586	$126	$107,971
41	$585	$126	$107,845
42	$584	$127	$107,718
43	$583	$128	$107,590
44	$583	$128	$107,462
45	$582	$129	$107,333
46	$581	$130	$107,204
47	$581	$130	$107,073
48	$580	$131	$106,942
Totals for year 4
	You will spend $8,533 on your house in year 4 $7,006 will go towards INTEREST $1,527 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
49	$579	$132	$106,810
50	$579	$133	$106,678
51	$578	$133	$106,544
52	$577	$134	$106,410
53	$576	$135	$106,276
54	$576	$135	$106,140
55	$575	$136	$106,004
56	$574	$137	$105,867
57	$573	$138	$105,730
58	$573	$138	$105,591
59	$572	$139	$105,452
60	$571	$140	$105,312
Totals for year 5
	You will spend $8,533 on your house in year 5 $6,903 will go towards INTEREST $1,630 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
61	$570	$141	$105,172
62	$570	$141	$105,030
63	$569	$142	$104,888
64	$568	$143	$104,745
65	$567	$144	$104,602
66	$567	$144	$104,457
67	$566	$145	$104,312
68	$565	$146	$104,166
69	$564	$147	$104,019
70	$563	$148	$103,871
71	$563	$148	$103,723
72	$562	$149	$103,574
Totals for year 6
	You will spend $8,533 on your house in year 6 $6,794 will go towards INTEREST $1,739 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
73	$561	$150	$103,423
74	$560	$151	$103,273
75	$559	$152	$103,121
76	$559	$153	$102,968
77	$558	$153	$102,815
78	$557	$154	$102,661
79	$556	$155	$102,506
80	$555	$156	$102,350
81	$554	$157	$102,193
82	$554	$158	$102,036
83	$553	$158	$101,878
84	$552	$159	$101,718
Totals for year 7
	You will spend $8,533 on your house in year 7 $6,678 will go towards INTEREST $1,855 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
85	$551	$160	$101,558
86	$550	$161	$101,397
87	$549	$162	$101,235
88	$548	$163	$101,073
89	$547	$164	$100,909
90	$547	$164	$100,745
91	$546	$165	$100,579
92	$545	$166	$100,413
93	$544	$167	$100,246
94	$543	$168	$100,078
95	$542	$169	$99,909
96	$541	$170	$99,739
Totals for year 8
	You will spend $8,533 on your house in year 8 $6,553 will go towards INTEREST $1,980 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
97	$540	$171	$99,568
98	$539	$172	$99,396
99	$538	$173	$99,224
100	$537	$174	$99,050
101	$537	$175	$98,875
102	$536	$176	$98,700
103	$535	$176	$98,523
104	$534	$177	$98,346
105	$533	$178	$98,168
106	$532	$179	$97,988
107	$531	$180	$97,808
108	$530	$181	$97,627
Totals for year 9
	You will spend $8,533 on your house in year 9 $6,421 will go towards INTEREST $2,112 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
109	$529	$182	$97,444
110	$528	$183	$97,261
111	$527	$184	$97,077
112	$526	$185	$96,892
113	$525	$186	$96,705
114	$524	$187	$96,518
115	$523	$188	$96,330
116	$522	$189	$96,141
117	$521	$190	$95,950
118	$520	$191	$95,759
119	$519	$192	$95,567
120	$518	$193	$95,373
Totals for year 10
	You will spend $8,533 on your house in year 10 $6,279 will go towards INTEREST $2,254 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
121	$517	$194	$95,179
122	$516	$196	$94,983
123	$514	$197	$94,787
124	$513	$198	$94,589
125	$512	$199	$94,390
126	$511	$200	$94,190
127	$510	$201	$93,990
128	$509	$202	$93,788
129	$508	$203	$93,584
130	$507	$204	$93,380
131	$506	$205	$93,175
132	$505	$206	$92,969
Totals for year 11
	You will spend $8,533 on your house in year 11 $6,128 will go towards INTEREST $2,404 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
133	$504	$207	$92,761
134	$502	$209	$92,553
135	$501	$210	$92,343
136	$500	$211	$92,132
137	$499	$212	$91,920
138	$498	$213	$91,707
139	$497	$214	$91,492
140	$496	$215	$91,277
141	$494	$217	$91,060
142	$493	$218	$90,842
143	$492	$219	$90,623
144	$491	$220	$90,403
Totals for year 12
	You will spend $8,533 on your house in year 12 $5,967 will go towards INTEREST $2,565 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
145	$490	$221	$90,182
146	$488	$223	$89,959
147	$487	$224	$89,735
148	$486	$225	$89,510
149	$485	$226	$89,284
150	$484	$227	$89,057
151	$482	$229	$88,828
152	$481	$230	$88,598
153	$480	$231	$88,367
154	$479	$232	$88,135
155	$477	$234	$87,901
156	$476	$235	$87,666
Totals for year 13
	You will spend $8,533 on your house in year 13 $5,796 will go towards INTEREST $2,737 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
157	$475	$236	$87,430
158	$474	$237	$87,192
159	$472	$239	$86,953
160	$471	$240	$86,713
161	$470	$241	$86,472
162	$468	$243	$86,229
163	$467	$244	$85,985
164	$466	$245	$85,740
165	$464	$247	$85,493
166	$463	$248	$85,245
167	$462	$249	$84,996
168	$460	$251	$84,745
Totals for year 14
	You will spend $8,533 on your house in year 14 $5,612 will go towards INTEREST $2,921 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
169	$459	$252	$84,493
170	$458	$253	$84,240
171	$456	$255	$83,985
172	$455	$256	$83,729
173	$454	$258	$83,471
174	$452	$259	$83,212
175	$451	$260	$82,952
176	$449	$262	$82,690
177	$448	$263	$82,427
178	$446	$265	$82,163
179	$445	$266	$81,897
180	$444	$267	$81,629
Totals for year 15
	You will spend $8,533 on your house in year 15 $5,417 will go towards INTEREST $3,116 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
181	$442	$269	$81,360
182	$441	$270	$81,090
183	$439	$272	$80,818
184	$438	$273	$80,545
185	$436	$275	$80,270
186	$435	$276	$79,994
187	$433	$278	$79,716
188	$432	$279	$79,436
189	$430	$281	$79,156
190	$429	$282	$78,873
191	$427	$284	$78,589
192	$426	$285	$78,304
Totals for year 16
	You will spend $8,533 on your house in year 16 $5,208 will go towards INTEREST $3,325 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
193	$424	$287	$78,017
194	$423	$288	$77,729
195	$421	$290	$77,439
196	$419	$292	$77,147
197	$418	$293	$76,854
198	$416	$295	$76,559
199	$415	$296	$76,263
200	$413	$298	$75,965
201	$411	$300	$75,665
202	$410	$301	$75,364
203	$408	$303	$75,061
204	$407	$304	$74,757
Totals for year 17
	You will spend $8,533 on your house in year 17 $4,985 will go towards INTEREST $3,548 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
205	$405	$306	$74,450
206	$403	$308	$74,143
207	$402	$309	$73,833
208	$400	$311	$73,522
209	$398	$313	$73,209
210	$397	$315	$72,895
211	$395	$316	$72,578
212	$393	$318	$72,260
213	$391	$320	$71,941
214	$390	$321	$71,619
215	$388	$323	$71,296
216	$386	$325	$70,971
Totals for year 18
	You will spend $8,533 on your house in year 18 $4,748 will go towards INTEREST $3,785 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
217	$384	$327	$70,645
218	$383	$328	$70,316
219	$381	$330	$69,986
220	$379	$332	$69,654
221	$377	$334	$69,320
222	$375	$336	$68,985
223	$374	$337	$68,647
224	$372	$339	$68,308
225	$370	$341	$67,967
226	$368	$343	$67,624
227	$366	$345	$67,279
228	$364	$347	$66,933
Totals for year 19
	You will spend $8,533 on your house in year 19 $4,494 will go towards INTEREST $4,039 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
229	$363	$349	$66,584
230	$361	$350	$66,234
231	$359	$352	$65,881
232	$357	$354	$65,527
233	$355	$356	$65,171
234	$353	$358	$64,813
235	$351	$360	$64,453
236	$349	$362	$64,091
237	$347	$364	$63,727
238	$345	$366	$63,361
239	$343	$368	$62,993
240	$341	$370	$62,623
Totals for year 20
	You will spend $8,533 on your house in year 20 $4,224 will go towards INTEREST $4,309 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
241	$339	$372	$62,252
242	$337	$374	$61,878
243	$335	$376	$61,502
244	$333	$378	$61,124
245	$331	$380	$60,744
246	$329	$382	$60,362
247	$327	$384	$59,978
248	$325	$386	$59,591
249	$323	$388	$59,203
250	$321	$390	$58,813
251	$319	$393	$58,420
252	$316	$395	$58,026
Totals for year 21
	You will spend $8,533 on your house in year 21 $3,935 will go towards INTEREST $4,598 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
253	$314	$397	$57,629
254	$312	$399	$57,230
255	$310	$401	$56,829
256	$308	$403	$56,426
257	$306	$405	$56,020
258	$303	$408	$55,613
259	$301	$410	$55,203
260	$299	$412	$54,791
261	$297	$414	$54,376
262	$295	$417	$53,960
263	$292	$419	$53,541
264	$290	$421	$53,120
Totals for year 22
	You will spend $8,533 on your house in year 22 $3,627 will go towards INTEREST $4,906 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
265	$288	$423	$52,697
266	$285	$426	$52,271
267	$283	$428	$51,843
268	$281	$430	$51,413
269	$278	$433	$50,980
270	$276	$435	$50,545
271	$274	$437	$50,108
272	$271	$440	$49,668
273	$269	$442	$49,226
274	$267	$444	$48,782
275	$264	$447	$48,335
276	$262	$449	$47,886
Totals for year 23
	You will spend $8,533 on your house in year 23 $3,299 will go towards INTEREST $5,234 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
277	$259	$452	$47,434
278	$257	$454	$46,980
279	$254	$457	$46,523
280	$252	$459	$46,064
281	$250	$462	$45,603
282	$247	$464	$45,139
283	$245	$467	$44,672
284	$242	$469	$44,203
285	$239	$472	$43,731
286	$237	$474	$43,257
287	$234	$477	$42,780
288	$232	$479	$42,301
Totals for year 24
	You will spend $8,533 on your house in year 24 $2,948 will go towards INTEREST $5,585 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
289	$229	$482	$41,819
290	$227	$485	$41,334
291	$224	$487	$40,847
292	$221	$490	$40,357
293	$219	$492	$39,865
294	$216	$495	$39,370
295	$213	$498	$38,872
296	$211	$501	$38,372
297	$208	$503	$37,868
298	$205	$506	$37,362
299	$202	$509	$36,854
300	$200	$511	$36,342
Totals for year 25
	You will spend $8,533 on your house in year 25 $2,574 will go towards INTEREST $5,959 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
301	$197	$514	$35,828
302	$194	$517	$35,311
303	$191	$520	$34,791
304	$188	$523	$34,269
305	$186	$525	$33,743
306	$183	$528	$33,215
307	$180	$531	$32,684
308	$177	$534	$32,150
309	$174	$537	$31,613
310	$171	$540	$31,073
311	$168	$543	$30,530
312	$165	$546	$29,984
Totals for year 26
	You will spend $8,533 on your house in year 26 $2,175 will go towards INTEREST $6,358 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
313	$162	$549	$29,436
314	$159	$552	$28,884
315	$156	$555	$28,329
316	$153	$558	$27,772
317	$150	$561	$27,211
318	$147	$564	$26,647
319	$144	$567	$26,081
320	$141	$570	$25,511
321	$138	$573	$24,938
322	$135	$576	$24,362
323	$132	$579	$23,783
324	$129	$582	$23,201
Totals for year 27
	You will spend $8,533 on your house in year 27 $1,749 will go towards INTEREST $6,784 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
325	$126	$585	$22,615
326	$122	$589	$22,027
327	$119	$592	$21,435
328	$116	$595	$20,840
329	$113	$598	$20,242
330	$110	$601	$19,640
331	$106	$605	$19,036
332	$103	$608	$18,428
333	$100	$611	$17,816
334	$97	$615	$17,202
335	$93	$618	$16,584
336	$90	$621	$15,963
Totals for year 28
	You will spend $8,533 on your house in year 28 $1,295 will go towards INTEREST $7,238 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
337	$86	$625	$15,338
338	$83	$628	$14,710
339	$80	$631	$14,079
340	$76	$635	$13,444
341	$73	$638	$12,806
342	$69	$642	$12,164
343	$66	$645	$11,519
344	$62	$649	$10,870
345	$59	$652	$10,218
346	$55	$656	$9,562
347	$52	$659	$8,903
348	$48	$663	$8,240
Totals for year 29
	You will spend $8,533 on your house in year 29 $810 will go towards INTEREST $7,723 will go towards PRINCIPAL

Month	Interest Paid	Principal Paid	Remaing Balance
349	$45	$666	$7,573
350	$41	$670	$6,903
351	$37	$674	$6,230
352	$34	$677	$5,552
353	$30	$681	$4,871
354	$26	$685	$4,187
355	$23	$688	$3,498
356	$19	$692	$2,806
357	$15	$696	$2,110
358	$11	$700	$1,411
359	$8	$703	$707
360	$4	$707	$-0
Totals for year 30
	You will spend $8,533 on your house in year 30 $293 will go towards INTEREST $8,240 will go towards PRINCIPAL

Elite Realty
1.888.OUR.CLIENT (1-888-687-2543)
Email: bev@VerticalVegas.com

Cell 1.702.325.6700
Fax 1.702.920.8493