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.)
Enter the current interest rate. Contact ...
to find that out!
Estimate Annual Tax and Insurance and enter
these values.
To test the effect of different loan periods
try alternatives to the default of "30" years.
Each time you change a value hit "Calculate
Now" to see what the effect is.
