"Contact your lending institution for more accurate information."
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.
