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Mortgage Interest Calculator
You can calculate approximately how much your new house payments are likely to be, based on information you enter. It is intended as an approximation only. For exact information regarding loan balances, payments, and interest, please contact your Bank or other Mortgage lending institution. The Current Price has been forwarded for you.

Please follow the directions carefully and use ONLY your computers tab key to advance to the next data field.

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Current Price Asking Price of property
% Down Payment Percentage of down payment
not Currency amount - % of loan i. e. 10, 15, 20 etc.
Loan Balance Net Amount of Loan
Balance after the down payment amount
Interest Rate Interest Rate in Percentage
i.e. "7.9", "8.3", "6.4" etc.
Number of Payments
(360 = 30 year mortgage.)
Total Number of Payments
You may edit this amount.
Monthly payment Projected Monthly Payment Amount **
These calculations are estimates based upon your input.
**Actual payment amounts may vary. This is only a guideline.
Please contact a bank or mortgage company for the correct figures.