Mortgage Loan Calculator
Three factors affect your monthly loan payment: the amount financed, the length of the loan, and the interest rate. One way to lower the monthly cost is to extend the length of the loan. However, be cautious when using this strategy. A longer length makes a loan more expensive over time due to the increase in interest. Use the calculator below to figure the approximate monthly payment for your loan. For additional questions contact a Mortgage Loan Officer today.