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 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.
