This calculates a payment for a loan amount that is fixed over a period of time. Please input the Loan Amount or Principal, your yearly (annual) interest rate, and the number of years. Then press Calculate Payment.

Explanation: Your loan principal is the amount of the actual loan less any down payments. The calculator accounts for the time value of money in determining the payment amount. This payment does not include any respective taxes or insurance. The accuracy of this calculator is not guaranteed. Mortgage In Minutes, Inc is a Licensed Correspondent Mortgage Lender.