MORTGAGE CALCULATOR

Thank you for using our Mortgage Calculator! The instructions below will guide you through the process of using the calculator effectively if needed.

Instructions:

  1. Input the Term of Mortgage: Enter the desired length of the mortgage term in years. For example, if you want a 30-year mortgage, type “30” into the corresponding field.

  2. Enter the Interest Rate: Input the annual interest rate for the mortgage. The interest rate should be provided as a percentage. For instance, if the interest rate is 4.5%, type “4.5” into the appropriate field.

  3. Specify the Down Payment: Enter the amount of money you plan to put as a down payment for the property. For example, if your down payment is $50,000, type “50000” into the designated field.

  4. Provide the Listing Price of the Property: Enter the total listing price of the property you wish to purchase. This value should be entered as a whole number without symbols or commas. For example, if the property is listed for $300,000, type “300000” into the corresponding field.

  5. Calculate the Mortgage: After inputting all the required information, locate the “Calculate” button and click on it to generate the results.

  6. Review the Results: The mortgage calculator will display the estimated monthly mortgage payment based on the provided inputs. Take note of this amount for reference.