Call us today! Glad to help...
T.E. Sumner (214)924-2700
Naima Sumner (214)289-8555

Monthly Payment Calculator and Amortization Table Generator





Use this calculator to estimate your monthly payment for a given loan amount, interest rate, and term,

or to estimate your maximum loan amount given a term length, fixed monthly payment amount and interest rate.



Loan Amount:

Annual Interest Rate:

Term Length:

Monthly P+I Payment:

new window


Loan Amount: The amount you borrow at the start
Or the amount you can borrow given a certain interest rate and specified fixed monthly payment.

Interest Rate: The annual interest rate of the loan in percent.

Period: The length of the loan in either years or months.

Monthly Payment: The amount you will have to pay each month for a given loan amount, term, and interest rate. Excludes taxes and property insurance (and mortgage insurance).

You can get a rough estimate of PITI (including taxes and insurance) by increasing the interest rate by the tax rate (about 2.4%) plus the property insurance premium (about 0.7%). So, add 3.1% to the interest rate as a cheat.

Share Print or Faves:
  • Facebook
  • Twitter
  • Print
  • Add to favorites
  • email
  • Digg
  • StumbleUpon
  • Yahoo! Buzz
  • Google Bookmarks
  • LinkedIn
  • Reddit
  • Technorati
  • Tumblr