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Loan Calculator |
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Mortgage Loan Payment Calculator Instructions
- Subtract your estimated down payment from the
property price and enter the value in "Loan Amount"
(Remember that if the down payment is less than
20% of the sale price you will have the added expense
of Mortgage Insurance which is not figured into
this calculation.)
- Enter the current interest rate.
- Estimate Annual Tax and Insurance and enter
these values.
- To test the effect of different loan periods
try alternatives to the default of "30" years.
- Each time you change a value hit "Calculate
Now" to see what the effect is.
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