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.
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.
ENTER INPUTS HERE..
(do not use commas or decimal points)
