Ohio
Real Estate Professionals
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the Playing Field!
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Mortgage Calculator
The
results of this loan payment calculator are for comparison purposes
only. They will be a close approximation of actual loan repayments if
available at the terms entered, from a financial institution. This is
being provided for you to plan your next loan application. To use, enter
values for the Loan Amount, Number of Months for Loan, and the Interest
Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset
button will clear entered values.
Enter only numeric values (no commas), using decimal points
where needed.
Non-numeric values will cause errors.
This
free script provided by
JavaScript Kit
Chart of Monthly Cost
of $1,000 Mortgage
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The chart
below represents the monthly cost of a $1,000 mortgage. For a rough
estimate of a mortgage payment, multiply the monthly cost by the
number of K's in your mortgage.
Example:
You are looking
for a 5.15% rate mortgage for 30 years for $85,000
The chart
below states that the monthly cost is $5.37 for 5% at 30 Years.
Multiply $5.37 by 85 = $456.45. This is based on 5% so you know
that this estimate is slightly low.
Using the
calculator above, for 5.15% and 30 years totals $464.12.
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