This loan calculator can be used to figure out monthly payments of a loan.
The calculator accepts:
Price (loan amount in US Dollars)
Percentage of Down Payment
Length of loan
Annual Interest Rate
Based on the four items that you enter, we can figure out the down payment, the amount that you need to finance, and the monthly finance payment. This calculator can also break down the monthly payments so you know how much goes towards the mortgage's interest and the mortgage's principal.