1 Stop Mortgage Calculator
- Calculate your Mortgage payments in Seconds!
Mortgage Calculator Help
Mortgage calculator help
Brought to you by 1stop-mortgagecalculator.com
A mortgage calculator can be used to help homeowners choose the best payment options for their house or home loans. This incredible tool can assist the homeowner at the beginning of the mortgage process, when he is choosing a payment plan, and also later in the process, when he wants to refinance his loan due to a change in mortgage rates.
How to use the mortgage calculator
Just enter the relevant information...
1- the mortgage loan principal or amount you want to borrow
2- the interest rate (in percent)
3- the amortization period (drop down menu in years)
the loan term (drop down menu in years)
5- the periodic payment type (drop down menu): Annually, semi-annually, monthly, bi-weekly, weekly, accelerated bi-weekly or accelerated weekly.
and click on...
6- “Calculate Payment” to get the periodic payment amount.
You can also do “reverse” calculations!
For example, if you want to know how much you can borrow (the principal) if you make a $700 monthly payment with an interest rate of 6.25%...
7- $700.00 in the "input payment" text box, and click on
8- “Calculate Principal” to get the answer!
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