and Search for homes. Mortgage
calculators are also on that site.
Mortgage Loan Payment Calculator Instructions
This is a common loan calculator found on many real estate web
sites. If it doesn't meet your needs, you may delete it.
Subtract your estimated down payment from the property price
and enter the value in "Loan Amount" (Remember that if the down
payment is less than 20% of the sale price you will have the
added expense of Mortgage Insurance which is not figured into
this calculation.)
Enter the current interest rate. Contact ... to find that
out!
Estimate Annual Tax and Insurance and enter these values.
To test the effect of different loan periods try
alternatives to the default of "30" years.
Each time you change a value hit "Calculate Now" to see what
the effect is.
Copyright 2005 - Tom & Patti Wilser, Brokers, RE/MAX Equity
Group, 4800 Meadows Rd. Suite 100, Lake
Oswego,
WA 97035 (503) 768-4653, (503) 670-3000 ext. 3905 or 1-800-909-1091