Loan Affordability Calculator

Monthly Payment Calculator

Enter your mortgage loan amount:

Enter the number of months to repay: (for interest-only loans, enter 3600 months)

months

Enter your estimated home mortgage loan rate (APR):

(the following links will open a new window)

Fannie Mae® has a more detailed Home Affordability Calculation: click here

Calculate your monthly payment and amortization schedule:
http://www.dinkytown.net/java/MortgageLoan.html

Adjustable rate mortgage payment calculator:
http://www.dinkytown.net/Java/MortgageAdjustable.html

ARM vs. fixed-rate comparison calculation:
http://www.dinkytown.net/java/MortgageArmvsFixed.html

Rent vs. buying your first home:
http://www.dinkytown.net/Java/MortgageRentvsBuy.html

Your loan amount is subject to debt/income ratios that lenders use to approve borrowing amounts (see debt/income ratios)

To compare monthly payments between 30-Yr and 15-Yr terms: click here

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual mortgage lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.

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operated by: nBuy Associates