Mortgage Loan Payment Calculator
Instructions
- 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. Contact
... to find that out!
- 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.
MDR Appraisals
4650 Memory Lane
Redding, CA 96001
License # AL037293
Email: mike@mdrappraisals.com
Phone:
800-870-7185
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