Rusty Steele - Mortgage Calculator

Prime Choice Realty

Rusty Steele
Broker-Realtor®
815 East Parkway,
Suite 1
Gatlinburg, TN 37738
Cell:
865-621-1301

Toll Free:
800-999-6020
(Ask for Rusty)

Office:
865-436-3767
(Ask for Rusty)

Fax:
865-436-3776
(Attention: Rusty)
Email Me


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

	Definitions

	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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