Loan Calculator | Loan Calculator Blog

So, you need help in Calculating your Loan.

Its easy, we will show you how to do it.

First explanation!

1) Repayment Chart:
This is the repayment chart, the repayment chart is divided into four parts.

a) Interest in yellow color.
b) Tax in Green color.
c) Principal in blue and
d) PMI- Private Mortgage Insurance rate.

Its pretty self-explanatory, it is represented in the page itself.

2)Balance Graph:
This is the balance graph, every thing that you entered is calculated and shown in  a graph.

Now, if your long term payment is 30 years and if you enter 30 years into the field to calculate, the the graph is shown for 30 years. Its easy.

3) Mortgage Parameters Field:

The mortgage parameters field is the important thing in our Loan Calculator, this has to be entered by you.

For example, notice the details that I entered for you:

I entered the loan amount as 80000, you may enter 80,000 or 80000. Absolutely no problem!

I entered Interest rate as 8%, Loan term 2 yrs, property tax 1.08% and PMI as 0.44 %.

So here are the results based on the above entered details:
i) Mortgage Summary:

ii) Mortgage Output Parameters:

These are the details I wanted, so I ticked them, you can do what ever you want.

iii) Monthly and Bimonthly Payment Details:
These are the monthly and bi-monthly payment details that I have got.

and yeah, the balanced graph and repayment chart.
I more thing if you put the mouse pointer on the repayment chart, the results will be displayed in a better way. Check that your self.

SO, I think this is enough for you to use our Loan Calculator. Still have a problem, use our contact form .