regarding your loan in the calculator above. Things to keep in
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
then deducting the down payment.
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
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.
will be calculated after you enter information and click on the
this is a mortgage
loan, the monthly payment does NOT include an amount for property taxes