Select Real Estate

of North Carolina

Mount Airy - 336-786-4198

Winston Salem - 336-774-4799

Loan Calculator

Not sure what your monthly costs will be?

Need a quick estimate of costs?

Use our loan calculator below to do quick calculations. Of course, this doesn't take the place of getting pre-approved by a qualified loan officer and the results are merely rough estimates, but it can help you set a price range in which to do your property search.

Just follow the instructions below next to the loan calculator and if you need further financial help, go to the "Contact Us" webpage and contact one of our Select real estate agents who can put you in touch with local lenders.

Loan Calculator

Loan Calculator

Years:	Interest:	Loan Amount:
Annual Tax:	Annual Insurance:

Results

Monthly Principle + Interest
Monthly Tax
Monthly Insurance
Total Payment

Mortgage Loan Payment Calculator Instructions

Subtract your estimated down payment from the property price and enter the value in "Loan Amount" (Remember that if the down payment is less than 20% of the sale price you will have the added expense of Mortgage Insurance which is not figured into this calculation.)
Enter the current interest rate. Contact ... to find that out!
Estimate Annual Tax and Insurance and enter these values.
To test the effect of different loan periods try alternatives to the default of "30" years.
Each time you change a value hit "Calculate Now" to see what the effect is.

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