Hi Sandra. The answer to your question depends on whether you have an interest only or amortized loan and whether you have a fixed or adjustable rate as well has the loan term (how many years do you have to pay the loan back?). Without knowing those variables, a calculation is not possible. While you can go to the website that Tim mentioned in his answer to get an idea of how much your mortgage payment will be, I would recommend that you ask a loan agent who can give you a more definite answer tailored to your specific situation.

The cost for the insurance premium will depend on the characteristics of the home (age, size, replacement cost). Unfortunately, many times we don't know exactly how much the insurance is until the lender conditions for the loan are available as the lender will state how much the property will have to be insured. You should receive quotes from several insurance carriers and you should do so well before the closing date. The insurance is based on the replacement cost of the insured structures not the total value of the property (i.e., the land itself is not insured). Since part of the purchase price is for the land, the insurance premium should be based on a lower amount than the purchase price. I am just telling you this because I have seen cases where the lender required the property to be insured for more than the replacement cost (you'll usually find the replacement cost in the appraisal) and the buyer did not have time to fight the issue since the buyer did not find out about the insurance amount until the day of the closing. My recommendation would be, close escrow and try to fight it later if it's important enough to you.

Lastly, the tax amount question. Property taxes vary widely from state to state and county to county. Usually the local tax assessor's website will have information on the basic tax rate. How much your monthly tax payment will be depends on the tax rate and how much the special assessment are. Your initial annual tax amount maybe the same as the amount that the current owner is paying, but once the change of ownership is recorded, you'll receive a supplemental tax bill, which is your responsibility. If you have an impount account (i.e., your lender collects mortgage, insurance and property taxes), you will have to check with the lender to see if they'll pay the supplemental taxes. If there's enough money in the impound account, they will pay it. Otherwise, you'll have to pay it yourself.

Sorry I was not able to give you a more exact answer, but I did the best I could without knowing more details. Your real estate agent should be able to give you more accurate information. Good luck to you.

Your mortgage payment will depend on the interest rate your're given based on your credit rating. You can usually play with this interest rate and try to figure out your payments on http://www.bankrate.com. Your tax paynent is alittle harder to just figure out. You may have to go to a tax accessors website or building in your city to find that. And insurance as far as I know really varies and it has too many categories to list here that can determine your payment. Search for a insurance agent and put this person on your team of advisors so when you decide to buy something they can tell you what the estimate payments may be, and maybe save you money in the process.