How is mortgage calculated?

A mortgage is calculate by multiplying the principle(or amount borrowed to purchase house), times the interest of the loan over the period of the loan. <a class="url" target="_blank" rel="nofollow noreferrer" href="/to/?target=http://www.acalculator.com/fha-mortgage-loan-calculator.html">Mortgage Calculator</a> helps to find the maximum monthly payment and the maximum loan amount for which you may qualify, calculate your taxes/insurance and also to see if your income is sufficient to qualify.