Calculate Mortgage Payment
You may also want to calculate your monthly amounts for property taxes and homeowner's insurance. To do this, just add total projected or actual property taxes and homeowner's insurance and divided that total by 12.
Also keep in mind that many mortgage programs require monthly Private Mortgage Insurance (PMI). When shopping for a mortgage, be sure to ask your lender if PMI will be required with your home loan. PMI can add a significant amount to your monthly mortgage payment.