principal and interest portions. See a complete mortgage amortization schedule, and calculate savings from prepaying your loan. Quick start tip: Use the popular selections we've included to help speed up your calculation – a monthly payment at a 5-year fixed interest rate of %. To calculate your own home equity, just subtract the amount you owe from the market value of the property. Learn about. Interest Rate. When you have a mortgage. Use the formula: $ / $ = 12%. That is your current debt to income ratio! If you want to know how much house you can afford take the typical DTI ratio ( This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment.
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