Loan Calculator

Mortgage Loan Payment Calculator Instructions 

1. 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.)  
2. Enter the current interest rate. Contact Karen Friedman of Prosperity Mortgage at 301-606-2074 to find that out!
3. Estimate Annual Tax and Insurance and enter these values.
4. To test the effect of different loan periods try alternatives to the default of "30" years.
5. Each time you change a value hit "Calculate Now" to see what the effect is.

Put Inputs Here

Years:	Interest:	Loan Amount:
Annual Tax:	Annual Insurance:

Results

Monthly Principle + Interest
Monthly Tax
Monthly Insurance
Total Payment