1. Monthly Payment

Use this calculator to estimate your monthly payment for a given loan balance and interest rate, or to estimate your loan balance given a fixed monthly payment and interest rate.

Loan Balance:

Interest Rate:

Period:

Monthly Payment:

  
 

Definitions:

Loan Balance:  The amount you want to borrow when used to calculate the monthly payment or the amount you can borrow given a fixed monthly payment.

Interest Rate:  The annual percentage rate of the loan.

Period:  The length of the loan in either years or months.

Monthly Payment:  The amount you will have to pay each month for a given loan amount, term, and interest rate.
 
2. Use this calculator to see if refinancing your current mortgage will save you money.
Current Mortgage
Monthly payment: $
Years left:   
Mortgage Rate:    %
New Mortgage Description
Length of loan:   
Annual Percentage Rate:    %
Closing Costs and Cash Out: $
New monthly payment $
 
3. Adjustable or Fixed-Rates?

 

Adjustable Fixed
Loan amount: $ 
Loan term (years):
Interest rate:
Months between adjustments:
Maximum rate change/adjustment:
Minimum rate:
Maximum rate:
 
MONTHLY PAYMENTS:
Total first monthly payment $  $ 
Total cost of loan after 3 years $  $ 
Total cost of loan after 7 years $  $ 
Total cost of loan after 10 years $  $ 
Total cost of loan after 20 years $  $ 
Total cost of loan (held to original term) $  $ 
4. How much can I afford?
 
    Annual income: (your gross annual income before taxes)
    Monthly debt: (car payments, credit cards, student loan payment etc.)
    Down payment: (the amount of money you have for a down payment)
    Property tax and home owners insurance: per year (National average is $400)
    Interest Rate: (%)
    Length of loan: (years)
     

    * The accuracy and applicability of these calculators are not guaranteed.