(812) 336-7300

Mortgage Loan Calcutator

Below is our mortgage calculator which can help you determine your approximate monthly payments. To calculate monthly payment, fill out the form and click "Calculate".

This Financial Calculator requires a Browser with Java Support
Definitions
Mortgage amount
Original or expected balance for your mortgage.

Interest rate
Annual interest rate for this mortgage.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

Monthly payment
Monthly principal and interest payment (PI).

Monthly payment (PITI)
Monthly payment including principal, interest, home owners insurance and property taxes.

Annual property taxes
The annual amount you expect to pay in property taxes. This amount is divided by 12 to determine the monthly property tax included in PITI.

Annual home insurance
The annual amount you expect to pay in home owners insurance. This amount is divided by 12 to determine the monthly home owners insurance included in PITI.

Total payments
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.

Total interest
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.

Prepayment type
The frequency of prepayment. The options are: none, monthly, yearly, and one-time payment.

Prepayment amount
Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.

Start with payment
This is the payment number that your prepayments will begin with. For a one time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation.

Savings
Total amount of interest you will save by prepaying your mortgage.


F.C. Tucker/Bloomington, REALTORS
Independently Owned and Operated, Licensed in the State of Indiana
A leader in residential and commercial real estate for sale in Bloomington, Indiana
487 S. Clarizz Blvd - Bloomington, IN 47401
Office: 812-336-7300
Toll free: 800-837-0601
E-mail: fct@TuckerBloomington.com

e-office

Website Copyright 2015 - Hosted By Consultech - Sitemap