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These days you can find just about everything on the internet, even if you are searching for a property to purchase you can find one on the internet, so it is only normal that you can also find a tool to help you calculate the mortgage loan installment, that tool is the mortgage calculator.  If you enter the value of the property along with the interest rate and the duration of the loan, the online tool will be able to calculate the monthly loan installment for you.  You can also incorporate the property tax and PMI in to the calculations.  Other than that, the mortgage payment calculator can give you an option to calculate your loan with an added extra payment, this basically means if you want to pay more than the installment amount, either on monthly basis or yearly basis, for example if you want to keep adding your end of year bonus towards your loan to be able to pay off the loan earlier, it can calculate the difference in duration for you.