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Loan Calculator

You can easily calculate your approximate monthly mortgage payments using the loan amount over a specific term and interest rate. Your actual monthly payment could be much higher or much lower than the amount calculated. Why? Simple, because lenders can offer you a variety of programs with different loan amounts, interest rates and loan terms.

Use the form below to see how much your monthly payments will be.

  • First enter an interest rate (Ex: 6, 7.5 or 8.25).
     
  • Next enter the number of payments you expect to make. A 15 year mortgage is (15 x 12) or 180 payments, a 30 year mortgage is (30 x 12) or 360 payments.
     
  • Finally enter the amount you plan to borrow, your loan amount and then click calculate. Your monthly payment will be displayed in the box.

Interest Rate: %
Total Number of Payments:
Loan Amount: $
Monthly Payment: $

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