Phone: 423-623-5055      Fax: 423-623-9975      Email: info@goddardrealestate.com
 



GODDARD
Real Estate & Auction
833 West Hwy 25/70
Newport, TN 37821
Phone: 423-623-5055
Fax: 423-623-9975

 

  Mortgage Calculator & Amortization Schedule
 Loan Date    =        Sales Price ($)    =   
 Interest Rate (%)    =        Amortization (years)    =   
 Term (years)*    =        Down Payment (%)    =   

 *Set the Term to fewer years for a balloon payment
Check here to include an Amortization Schedule
 Item Description
 Loan Date: The starting date of the loan.
 Sales Price: The sales price of the property. Or, if you set the "Down Payment" to zero, the actual loan amount.
 Interest Rate: The annual interest rate of the loan.
 Amortization (years): The number of years over which the interest of the loan is calculated.
 Term (years): The actual length of the loan. Must be equal to or less than the "Amortizaton Years". Setting this to a smaller number of years than the "Amortization Years" will allow you to calculate a balloon payment type of loan.
 Down Payment: If you know the actual loan amount you can set this to zero. In that case, the "Sales Price" will be used as the actual loan amount.
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