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Mortgage Calculator

To figure payment per month for a given mortgage amount:
  1. Enter the amount in the Amount of Loan box.
  2. Press the Tab key - enter the annual interest rate. Don't divide the rate by 100 or add a percent sign. Example: 7.5 for 7 1/2 percent, not .075 or 7.5%.
  3. Press Tab again to calculate the results, or click the Calculate Result button.
To figure what amount you can borrow for a given monthly payment:
  1. Enter the monthly payment that you can afford in the Payment per Month box.
  2. Press Tab and enter the annual interest rate.
  3. Press Tab again to calculate results, or click the Calculate Result button.
If you want to change the value of any box:
  1. Click in the box to select it.
  2. Enter the new value.
  3. Click the Calculate Result button.

Note: The 1st column of calculated results will have either the payment per month for a given loan amount or the amount of the loan for a given payment per month—whichever you have chosen to calculate.

Amount of Loan:
Payment per Month:
Interest Rate Per Year:
Length of LoanPayment Per Month or
Amount of Loan
Total InterestTotal Payment
5 yrs
10 yrs
15 yrs
20 yrs
25 yrs
30 yrs
35 yrs
40 yrs
45 yrs
50 yrs

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Information is provided 'as is' and solely for education, not for trading purposes or professional advice.

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