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