Estimate Monthly Payments

You can easily calculate your approximate your monthly mortgage payments using a simple amortization of the loan amount over a specific term and interest rate. Your actual monthly payment could be much higher or much lower than the amount that you calculate. Why? Simple, because Mortgage professionals and lenders can offer you a variety of programs with different loan amounts, interest rates and loan terms. The calculator is only for informational and entertainment purposes but can give you a fair approximation.

Here's how:
First, enter the number of payments you expect to make. A 15 year mortgage is (15 x 12) or 180 payments, conversely a 30 year mortgage is (30 x12) or 360 payments. Next, enter an interest rate. You can enter the interest rate as a percentage or as a decimal. Finally enter the amount you plan to borrow, also called the principal and click compute. Your monthly payment will be displayed in the box. This is a JavaScript based calculator.

PAYMENT CALCULATOR

# of
Payments		 Interest
Rate		 Principal   Monthly
Payment
       


Preferred Service Mortgage
Pre-Qualification Application

General Information

Borrower Co-borrower
Full Name:
Address:
City, State, Zip
Home Phone:
Work Phone:
Social Security # :
E-mail (if applicable):

Loan Request

Amount Requested:
Type of loan:  Debt Consolidation  Home Improvement  Refinance

Property Information

Estimated Present Value:
Type of Property: Primary Residence  2nd Home  Rental

Current Loan Information

Mortgage Balances Amount: Rate Payment:
First:
Second:
Other:

Current Employment Information

 
  Borrower Co-borrower
Are you Self Employed? Yes No Yes No
Gross Monthly Income
Time on Current Job: Yrs: Mos: Yrs: Mos:


Other information and comments

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