Mortgage Loan Payment
Calculator Instructions
- 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.)
- Enter the current interest rate.
Contact Jeff Rasmussen at 801-635-7604 to find that out!
- Estimate Annual Tax and Insurance and
enter these values.
- To test the effect of different loan
periods try alternatives to the default of "30" years.
- Each time you change a value hit
"Calculate Now" to see what the effect is.
Our Calculators are provided as
a free service to our users. No guarantee, explicit or implied,
is made regarding their accuracy or suitability to a specific
purpose.
The result of this calculation should not be taken as a
statement of one's credit-worthiness, but rather a general
guideline of industry practices. Furthermore, calculation
results are not to be construed as an offer to extend credit,
under any terms, to any individual by Jeff Winn or New Freedom
Mortgage. Use of any calculator on this site shall constitute
acceptance of the terms of this agreement.
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