Before you enter your information into the calculator, please review the following information:

• Mortgage Amount - This is the beginning balance of the loan. For mortgage loans, this is usually determined by adding the home purchase price and closing costs, then deducting the down payment.
• Annual Interest Rate - You may enter an interest rate between 1.0% and 50%. You may enter any increments above 1.0% - for instance, 5.125% would be a valid entry.
• Mortgage Length - Select 15 or 30 years.
• Payment Amount will be calculated after you enter information and click on the "Calculate" button
• After you calculate your Payment Amount, you can click the "Amortize" button to see an Amortization Table.

NOTE: If this is a mortgage loan, the monthly payment does NOT include an amount for property taxes and/or insurance.