Mortgage Loan Calculator

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Mortgage Loan Calculator

This calculator is for illustrative purposes only. We do not guarantee that calculations are accurate. Always consult your accountant or a professional advisor before making personal financial decisions.

Calculate Your Approximate Monthly Payment of Principal and Interest

Enter The Price Of The Home You Want To Purchase
If the home costs $150,000... enter 150,000

Enter Your Down Payment
Money from your savings and/or equity in your present home. Note: If no down paymment, enter .0

Select The Term (Years) Needed To Repay Your Loan
A longer term will lower your monthly payment.

Enter The Interest Rate You Expect
For example, 8.5% should be entered as 8.5

Click "Calculate"

Calculations Calculations are based on 365 days per year,
and do not include closing costs which are paid at settlement.
The costs for taxes, insurance, and mortgage life insurance are
also not included, but may be added to your monthly payments.

Enter The Price Of The Home You Want To Purchase If the home costs $150,000... enter 150,000
Enter Your Down Payment Money from your savings and/or equity in your present home. Note: If no down paymment, enter .0
Select The Term (Years) Needed To Repay Your Loan A longer term will lower your monthly payment.
Enter The Interest Rate You Expect For example, 8.5% should be entered as 8.5
Click "Calculate"