Calculator

Advanced Loan Calculator

This calculator computes any one of the following given the others: the home price, number of payments, payment amount, or interest rate. Leave one of the first four fields blank to solve for that value.

Loan Information

	Home price
	Number of payments
	Payment amount (PMI excluded)
	Interest rate

	Down payment	%$
	Compounding period
	Payment period
	Points
	Closing costs and fees
	Loan type

For Adjustable Rate Loans

	Maximum amount the rate will increase at the first interval
	How many payments until the first rate increase
	Maximum amount the rate will increase at each subsequent interval
	How many payments between subsequent rate intervals
	Rate cap

Home Information

How long will you stay at this property
(number of payments)

Show payment schedule

Note: There will be one additional payment of $224,091.62. This is the balloon amount you will owe the bank when you sell your home (or the final loan payment).

Financial Details^*

Home price	$248,870.32
Down payment amount	10.000 %
Loan amount	$223,983.29
Total amount financed	$222,483.29
Payment amount	$1,300.00
Balloon payment	$224,091.62
Total payments	$229,291.62
Interest rate	5.700 %
Interest compounding	Monthly
Total finance charge^**	$6,808.33

* These financial details were generated using the length of stay you specified as 5 payments.
** Finance charge includes points, and fees if applicable.

Calculator disclaimer

The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.