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


%$


For Adjustable Rate Loans


Home Information


:

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 intended for illustrative purposes only and is not intended to purport actual user-defined parameters. 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.

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