The mortgage payment calculator is a simple way to make sure that you've got a match.It is not only a single calculator, it is a package of calculator which have five built in calculators.In this package every tab is a calculator.You can calculate your Mortgage,Loan,compare four loan at a time ,calculate Refinance,Repayment with the help of this single calculator.There is no need for 5 different different calculators. It calculates your potential monthly payment by computing parameters related to loan and property information. It also takes into consideration tax and insurance information. Input these numbers and you've got quick estimate of whether or not the loan is in your budgetary ballpark.Our monthly mortgage payment calculator is simple to use. The first step includes four fields for loan amount, interest rate, length and home value. The loan amount is how much you'll need to borrow, the interest rate is the rate advertised by the lender, the length is the amount of time it takes to repay the loan and the home value is the estimated price. The second step of the mortgage payment calculator includes three more fields; annual taxes, annual insurance .