Payment and affordability calculator |
Annual Interest Rate: |
Type 6.9 for 6.9% |
Term of Loan: |
Type 360 for 30 years |
Down Payment: |
Type 1000 for $1000 or 0 for nothing down! |
Now, complete one of the following sections... |
Calculate Monthly Payment: |
Calculate Loan Amount: |
Enter home cost
(25000 for $25,000)
then click below |
Enter desired monthly payment
(250 for $250)
then click below |
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Your loan amount and down payment would result in a monthly payment of:
|
Your monthly payment and down payment would result in a total loan amount of:
|
Total Interest Paid:
|
Payment Calculator:
To estimate a monthly payment enter
the percentage rate (8.5) as example, enter the term
of the loan (360), enter the down payment (5000), enter
home price, then click calculate monthly payment.
Affordability Calculator:
To
Estimate how much you can spend on a home enter the
percentage rate (8.5), enter the term of the loan (360)=number
of months, enter the down payment 5000), enter the monthly
payment you can afford, then click calculate loan amount. |
