MORTGAGE CALCULATOR

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DISCLAIMER CAUTION: Do NOT rely on the results from this calculator to make financial decisions. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. The information provided reflects estimates of the monthly payments you are likely to incur. This payment does NOT include taxes, insurance, or mortgage insurance. The actual payments may be more or less. Interest rates vary and the tax laws change regularly. Consult your Loan Officer, your Loan Originator, your Mortgage Broker, or your Lender for detailed information.  

Calculate the size of loan you can afford!

You can easily calculate the approximate size of loan that you can afford based on the length of time of your mortgage, the current interest rate, and the maximum monthly payment you believe you are comfortable paying.    The actual loan amount you could qualify for could be much higher or much lower than the amount that you calculate. Why? Simple, because Mortgage professionals and lenders can offer you a variety of programs with interest rates and loan terms. The calculator is only for informational and entertainment purposes but can give you a fair approximation.

Here's how:
First, enter the number of payments you expect to make. A 15 year mortgage is (15 x 12) or 180 payments, conversely a 30 year mortgage is (30 x12) or 360 payments. Next, enter an interest rate. You can enter the interest rate as a percentage or as a decimal. Finally enter the amount you would like your monthly payment to be and click compute. Your principal or total loan size will be displayed in the box.

bulletLoan Amount

bulletYearly Interest Rate

bulletLoan Period (in months)

bulletPayment

 

 

 


**If you can find the same home in Ohio within 30 days of your initial Rona Homes contract for a lower price, your first home payment of principle and interest is PAID BY RONA HOMES!
Must present to Rona within 30 days of initial written contract. 
Call or visit the Rona Homes Home Center in Pataskala for details on this and other guarantees.
 

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(Copyright - All Rights Reserved)  Information Last Updated On 07/06/2010