PHP Mortgage Calculator is a script that can be used to figure out monthly payments and amortization of a home mortgage loan, based on the homes sale price, the term of the loan desired, buyers down payment percentage, and the loans interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
