FutureStarr

AA Simple Mortgage Rate Calculator

## Simple Mortgage Rate Calculator

We built a simple mortgage calculator to help figure out what your monthly payment would be. We hope it helps save you some time.

### Rate

via GIPHY

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. (Source: www.idfpr.com)

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