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 - calculated after you enter information
and click on the "Calculate" button.