           |
| |
| |
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. | | | |
|
