Definitions:

Loan Balance - The intial loan amount you wish to finance.

Interest Rate - Please check with your loan officer for current interest rates.

Period - This is the length of the loan, which you can specify in years or months.

Monthly Payment - The monthly payment is calculated from the initial balance and the monthly payment. You can look at an amortiztion schedule (payment schedule) by clicking or the Payment Schedule button. The table includes information about interest payments which is important for those individuals for which interest paid is tax deductable.

This information is for your personal use. Although the script has been tested, the information provided is not guaranteed. Please verify any information with your loan officer. Since the JavaScript is run on your computer, the information is not received or viewed by us. In theory, this information should only be viewed by you, since it is not submitted to the network.