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 this form to see how much your monthly
payments will be.
- First enter the amount you plan to borrow,
your loan amount and then click calculate. Your
monthly payment will be displayed in the box.
- Next enter an interest rate
- Finally 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.
Note: When entering numbers into the data
fields only use numbers and applicable decimal
points. Entering commas, dollar signs, or any
other non-numeric characters will cause an error.
to use this calculator.
Note: Amounts are estimates only.
more accurate estimation or if you have additional questions
contact Paul Willies 813-258-5827