Calculate monthly payments for your loan based on different scenarios with variables such as loan amount, term of repayment and interest rate. You will be able to determine an approximate monthly payment for your loan and be provided with a Loan Cost Analysis and Amortization Schedule.
In addition to calculating your monthly payment, remember to keep these important points in mind when researching a new loan:
- Prepayment penalties
- Application fees
- Closing costs
- Rate reductions with automatic payment
- Loan-to-value ratio
The information provided by this calculator is for illustrative purposes only. Use of this calculator does not guarantee loan approval and the figures shown are hypothetical and may not be applicable to your individual situation.