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Mortgage and Amortization
Calculator

Here is a quick and easy way to calculate your mortgage payment and get an amortization schedule. The calculations are based on making level payments each month on a USA style mortgage loan. If you are applying for an adjustable-rate or balloon mortgage, you may determine the current payment amount by entering the current interest rate and the full term..

To use the calculator, replace the preset fields with your own values.

Principal Loan Balance
This is the amount you intend on financing (after the down payment). Enter a number without commas or a dollar sign.
Annual Interest Rate
Enter this number as a decimal. Fractional amounts of 1/8 are equal to .125
Loan Length
Enter a number, in years, for the length (or term) of the loan. You may use any value from 1 to 99.
Select A Month
Choose the month you will make your first payment.
Enter A Year
Enter the year your loan will begin (Four digits without punctuation).
Send suggestions and requests to: Mail GifOHAstaff@OpenHouse.net
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