Basic Mortgage Payment Calculator
This calculator requires
the use of Javascript enabled and capable browsers. This
script calculates the monthly payment of a typical mortgage contract.
Enter the dollar amount of the loan using just numbers and the
decimal. Next, enter the published interest rate you expect to
pay on this mortgage. Finally, enter the number of years to pay
on the mortgage. Click on the Calculate button and the monthly
payment, principal and interest only, will be returned. You may
click on Clear Values to do another calculation. In our example,
a loan of $100,000.00 for 30 years at 6% will yield a payment
of just less than $600.00 a month for principal and interest.
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