2.) Enter the rate of interest you will be paying.

3.) Enter the beginning principal balance of the loan.

4.) Enter the amount of your annual real estate taxes. (You should include any items your mortgage lender would escrow for, such as water and sewer taxes, frontage charges, or recurring annual assessments.)

5.) Enter the amount of your annual homeowners insurance premium.

After you have entered the requested information, "Click" on the "Calculate Now!" button and components of your monthly payment will be displayed below.