Online Mortgage Loan Calculator

Case:

• Payment: What is monthly payment if I take X loan on Y rate during Z months/years?
• Principal: How much can I handle if I can pay X each month during Y months/year at Z annual rate?
• Periods: How many months/years should I pay X loan at Y annual rate with Z monthly payments?

Calculated Data

Parameter	Value	Calculation
Estimated Months	57.68
Months	58
Years	4.00	58/12
Adjusted Monthly Payment	1990.48

Loan Summary

Parameter	Value
Principal	100000.00
Monthly Payment	1990.48
Months	58
Annual Interest Rate %	6.00%

Detailed Calculations

Parameter	Value	Calculation
Global Payment to Bank	115447.91	1990.48*58
Global Bank's Interest	15447.91	115447.91-100000.00
Global Banks Interest Rate %	15.45%	15447.91/100000.00
Average Interest each Month	266.34	15447.91/58
Average Principal each Month	1724.14	100000.00/58