Borrowing Power

 

 
 

Term of Mortgage

*Calculates the number of monthly payments needed to repay the original loan amount, given the P&I payment and specific interest rate.

Annually(1)
Semi Annually(2)
Principal and Interest Quarterly(4)
Loan Amount Bi Monthly(6)
Annual Interest Rate Monthly(12)
Payment Frequency
Semi Monthly(24)
Bi Weekly(26)
Payments (months) Weekly(52)
 

Loan Amount

*Calculates the amount that can be borrowed in exchange for P&I payments over a term and given a specific interest rate.

Annually(1)
Semi Annually(2)
Principal and Interest Quarterly(4)
Annual Interest Rate Bi Monthly(6)
Term (yrs) Monthly(12)
Payment Frequency
Semi Monthly(24)
Bi Weekly(26)
Loan Amount Weekly(52)
 

Annual Interest Rate

*Calculates the interest rate needed to afford the loan amount by a monthly P&I payment over the term of the mortgage.

Annually(1)
Semi Annually(2)
Principal and Interest Quarterly(4)
Loan Amount Bi Monthly(6)
Term (yrs) Monthly(12)
Payment Frequency
Semi Monthly(24)
Bi Weekly(26)
Annual Interest Rate Weekly(52)
 

Principal and Interest

*Calculates the amount of monthly P&I payment needed to afford the loan amount over the term, given a certain interest rate.

Annually(1)
Semi Annually(2)
Loan Amount Quarterly(4)
Annual Interest Rate Bi Monthly(6)
Term (yrs) Monthly(12)
Payment Frequency
Semi Monthly(24)
Bi Weekly(26)
Principal and Interest Weekly(52)