This form will calculate the total of estimated monthly principal plus interest payment given a mortgage amount, loan term and an Annual Percentage Rate (APR).
Mortgage amount ($):
Mortgage amortization in months:
(E.G: 25 Year mortgage=300 months)
Annual Loan Rate:
If you would like to find out if you can afford this prospective payment please enter your gross annual income and click the Evaluate button.
Gross Income: ($)
Would I Qualify?
N. B. This is not a loan approval. This calculator is designed to give you a general idea of what you can afford when you wish to purchase a home.
© 1998 -1999 Rob Harbin & Colleen Bell
RE/MAX Estates Ltd., Realtor