Monthly Payment Calculator

Use this calculator to estimate your monthly payment for a given loan balance and interest rate, or to estimate your loan balance given a fixed monthly payment and interest rate.

Loan Balance:

Interest Rate:

Period:

 

Monthly Payment:

Definitions:

Loan Balance:  The amount you want to borrow when used to calculate the monthly payment or the amount you can borrow given a fixed monthly payment.

Interest Rate:  The annual percentage rate of the loan.

Period:  The length of the loan in either years or months.

Monthly Payment:  The amount you will have to pay each month for a given loan amount, term, and interest rate.

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The information herein is furnished by the property owner in good faith but is subject to verification by the purchaser. Neither the MLS, the Broker, the Agent nor MFM guarantee or warranty the correctness therein. All information is dated and is subject to change at any time.

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