Loan Calculator
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. 


