MORTGAGE CALCULATORS
輕鬆計算貸款
Variables are described below.
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homevalue: the selling price of the home
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downpayment: the amount the buyer has saved & is willing to invest in the property upfront. The average downpayment is around 10%, though the benchmark is 20% to relax PMI requirements.
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loanamount: typically the home value less the downpayment
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interestrate: the annual percentage rate (APR) charged on the loan
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loanterm: the amortization period of the loan in years - typically 30 for most US residential loans
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propertytax: annual property tax payment
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pmi: property mortgage insurance as a percent (typically between 0.5% and 1.3%, though unneeded if a 20% downpayment is used).
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homeinsurance: annual cost of a homeowners insurance policy
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monthlyhoa: monthly dues for being part of a homeowners association.
Instructions
This calculator figures the length of your mortgage depending on your monthly payment. By paying more than your mortgage payment every month, you can decrease the length of your loan. If you do not know your monthly principal and interest payment, you can use the Mortgage Payment Calculator to find out. Input an amount higher than your mortgage payment and determine when your mortgage will be paid off based on the higher payment.
Disclaimer
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.