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7a

Monthly Payment Calculator

Fixed-Rate Level-Payment Mortgages

Who This Calculator is For: Borrowers who want to know the
monthly mortgage payment on a fully-amortizing mortgage at different
loan amounts, interest rates and terms.

What This Calculator Does: This calculator displays the monthly payment when
the interest rate, term and loan amount are entered, or the term when
the monthly payment, term and loan amount are entered.


Enter the Following Two Items
  New Loan Amount or Existing Loan Balance  (e.g. 100000)
  Interest Rate per Year  (e.g. 7.50)
Enter One of the Following and Click on the Other
  If You Want Know the Payment, Enter the Term (in Months) Here: (e.g. 360)
  If You Want to Know the Remaining Term, Enter the Payment Amount Here: (e.g. 650)


DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS OR MINUS SIGNS ( + / - )
OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES


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The payment does not include tax and insurance escrow payments, or mortgage insurance premiums.

Any of the input items can be changed after the first result has been calculated.