Everything You Need To Know About Mortgages

i’m looking to buying a house?

hi to all. i’m interested in purchasing a foreclosure house and i was wondering how would calculate my monthly mortgage. i a copy for the mortgage calculation formula but when i went to different web page they give something else. please show me how to use this formula:
Mortgage price: $
Interest Rate: %
Down Payment: $
Yearly Taxes: $
Yearly Insurance: $
Term:30 years
20 years
15 years
10years
5years
TOTAL:
If the price of the house is high, ie250,000, should i take out a lower term, and the down payment is :0 please help figure the amount i will be paying monthly

http://finance.yahoo.com/calculator/family-home/hom-03

It is a calculator that will calulate most of your finances and spit out a monthly payment

Mortgage payment calculations formula

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