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how to: How to Calculate Your Mortgage Payment - 04/26/09 01:28 PM
I've found there is a lot of confusion when using online mortgage calculators to try and estimate payments when buying a home.  Most calculators just give principal & interest, and there is good reason, but it's nice to have the big picture when trying to estimate payments - as these days it is more common to have an escrow account where property taxes/homeowners insurance is paid along with the principal & interest portion of the mortgage payment.  Plus even if you don't pay those items along with your mortgage payment you'll see want to be aware of their costs.
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Shane Milne

Laguna Niguel, CA

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First National Bank of Layton

Address: 24452 Sunshine Dr, Laguna Niguel, CA, 92677

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