MORTGAGE CALCULATOR

1. 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.)
2. Enter the current interest rate.
3. To test the effect of different loan periods try alternatives to the default of "30" years.
4. Each time you change a value hit "Calculate" to see what the effect is.

Disclaimer
This is a calculation tool, not an offer to lend. Interest rates shown are for demonstration purposes only. Actual market interest rates may vary.