This calculator produces a detailed breakdown of the interest paid per $1000 of a mortgage. Straightforward and easy to use; just enter your appropriate loan information.
The default entries provided in the calculator show a $250,000 mortgage at 4.75% interest for 30 years. Additionally, there is a 1.000% percentage point charge, no origination fees and closing costs of $1,200. The Financial Analysis results show total closing costs of $3,700.00; total monthly payments of $469,482.60; total loan cost of $473,182.60; a monthly payment per thousand of $5.26; annual payment per thousand of $63.09; and lifetime payment per thousand of $1,892.73.
To use the calculator, enter the following information:
Loan information: Amount (of mortgage), Interest Rate and Length (in years).
Additional information: Points, Origination Fees and Closing Costs.
The calculator will compute the following information:
Total Closing Costs
Total of Monthly Payments
Total Cost of Loan
Monthly Payment Per Thousand
Annual Payment Per Thousand
Lifetime Payment Per Thousand
The calculator can also produce a PDF output file for download to your computer.