Loan Calculator

Amount of loan :
 
Annual interest rate (%):
 
Term of loan:
 
Approximate price of house:
 

Enter information regarding your loan in the calculator above. Things to keep in mind:

  • Principal Amount of Loan ” Enter 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 ” This calculator requires an interest rate between 1.0% and 50%. You may enter any increments above 1.0% ” for instance, 8.125% would be valid to enter.
  • Term of Loan ” Must be at least 1 year. Enter increments of whole years using a decimal point. For instance, you would enter 1 ½ years as 1.5 years.
  • Monthly Loan Payment will be calculated after you enter information and click on the "Calculate" button.

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

Contact Blair C. Lane, SR. Attorney at Law
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