 
 |
MORTGAGE CALCULATOR
Use this mortgage calculator to get an idea of any potential monthly mortgage payment.
Modify any number in any of the boxes below , then click the box or hit TAB as you move through the
calculator.
Your estimated monthly payment for principle and interest will be calculated for the duration of the loan.
Enter information regarding your loan in the calculator
above. Things to keep in mind:
- Principal Amount of Loan -
Enter the beginning balance of the loan. For mortgage loans, this is
usually determined by adding the home purchase price and closing
costs, then deducting the down payment.
- Annual Interest Rate - This
calculator requires an interest rate between 1.0% and 50%. You may
enter any increments above 1.0% -- for instance, 8.125% would be
valid to enter.
- Term of Loan - Must be at
least 1 year. Enter increments of whole years using a decimal point.
For instance, you would enter 1 ½ years as 1.5 years.
- Monthly Loan Payment will be
calculated after you enter information
|
|
REMINDER:
If this is a mortgage loan, the monthly payment
does NOT include an amount for property taxes and/or insurance. |
|
