Use this calculator to estimate your monthly payment for a given loan balance and interest rate, or to estimate your loan balance given a fixed monthly payment and interest rate. Loan Balance: Interest Rate: Period: Years Months Monthly Payment:   Definitions: Loan Balance:  The amount you want to borrow when used to calculate the monthly payment or the amount you can borrow given a fixed monthly payment. Interest Rate:  The annual percentage rate of the loan. Period:  The length of the loan in either years or months. Monthly Payment:  The amount you will have to pay each month for a given loan amount, term, and interest rate.

2. Use this calculator to see if refinancing your current mortgage will save you money. Current Mortgage Monthly payment: $ Years left:    Mortgage Rate:    % New Mortgage Description Length of loan:    Annual Percentage Rate:    % Closing Costs and Cash Out: $ New monthly payment $

3. Adjustable or Fixed-Rates?   Adjustable Fixed Loan amount: $  Loan term (years): Interest rate: Months between adjustments: Maximum rate change/adjustment: Minimum rate: Maximum rate: MONTHLY PAYMENTS: Total first monthly payment $  $  Total cost of loan after 3 years $  $  Total cost of loan after 7 years $  $  Total cost of loan after 10 years $  $  Total cost of loan after 20 years $  $  Total cost of loan (held to original term) $  $  4. How much can I afford?   Annual income: (your gross annual income before taxes) Monthly debt: (car payments, credit cards, student loan payment etc.) Down payment: (the amount of money you have for a down payment) Property tax and home owners insurance: per year (National average is $400) Interest Rate: (%) Length of loan: (years)   * The accuracy and applicability of these calculators are not guaranteed.