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Loan Calculator
Enter information regarding your loan in the calculator below. 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.
- Monthly Loan Payment will be calculated after you enter information and click on the "Calculate" button
REMINDER: If this is a mortgage loan, the monthly payment does NOT include an amount for property taxes and/or insurance.
Mortgage Qualifier
The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the "View Report" button to see a complete amortization schedule of your mortgage payments. If you need help, view our calculator definitions.
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