Financial Tools
Please Click Here to access the Mortgage Calculator
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.
REMINDER: If this is a mortgage loan, the monthly payment does NOT include an amount for property taxes and/or insurance.
