This estimator performs two functions:
1. It will generate values for a monthly payment, the total interest paid and total payments made, over the life of a given mortgage.
2. It will also generate an amortization table for the values entered. The calculations are for a fixed rate mortgage.
This estimator is believed to be accurate, but is only intended to generate approximate results.
Note on Privacy:
Enter the Full Sale Price, Percent Down, Interest Rate, and Number of Payments, then either click on the CALCULATE or AMORTIZE button.
The UPDATE CALCULATIONS button, will complete the fields on this page with the Total Interest Paid and Total Payments Made for the life of a mortgage.
The FORMAT AND VIEW AMORTIZATION TABLE button will generate an Amortization Table for the mortgage values entered in a NEW window. To return to this page from the Amortization Table close the window with the formated view of the report.
TO AVOID ERROR MESSAGES AND MISLEADING RESULTS:
Enter NUMBER and DECIMAL characters only. Do not enter " $ ", " , " or " % " characters. (Example: For a $100,000 home, enter 100000 or for 7.5% enter 7.5 or .075 )