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Mortgage Calculator
Enter information regarding your loan in
the calculator above. Keep these things in mind:
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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 subtracting the down
payment. |
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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 a valid value to enter. |
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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. |
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Monthly Loan Payment will be calculated after you enter
information and click on the "Calculate" button. |
REMINDER:
If this is a mortgage loan, the monthly payment does NOT include
an amount for property taxes and/or insurance.
This Mortgage Calculator is provided by:
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