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, this monthly payment
does NOT include an amount for property taxes
and insurance.
