Loan Calculator

Loan Amount
 Annual Percentage Rate
 Term of Loan
 Calculate monthly amount

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.