Mortgage Loan Payment Calculator Instructions

Here is some basic information to help you get the most out of this easy to use calculator.

• Subtract your estimated down payment from the purchase 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).
• Estimate Annual Tax and Insurance and enter these values.
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• To test the effect of different loan periods try alternatives to the default of "30" years.
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• Each time you change a value hit "Calculate Now" to see what the effect is.

I have extensive experience in the mortgage field in addition to real estate. I'd be happy to discuss your real estate goals and mortgage related questions with you.

(320) 252-4044