This home loan calculator calculates your home loan or mortgage payment as well as your amortization table over a 30 year period. It will also project your home's value over time based on the purchase price and annual appreciation rate entered in the calculator. To use this home loan calculator, visit the link below: https://iqcalculators.com/calculator/home-loan-calculator/ Read the terms and conditions before use.

1. HOME LOAN
CALCULATOR
Home Loan: A loan on a house/home, also commonly
known as a home mortgage.
https://iqcalculators.com/calculator/home-loan-calculator/
Home Loan Amortization Schedule: A schedule by
which a home loan/mortgage is paid down to

2. HOME LOAN
CALCULATOR
Entering Data In The Data Fields
Loan Amount: The original amount of your mortgage
or loan on the home or property.
Loan Term Years: The number of years that the
Interest Rate: The rate of interest that will be charged on
the mortgage during the life of the mortgage.
Monthly Payment: This is the payment that is calculated
on the mortgage based on the first three fields.

3. HOME LOAN
CALCULATOR
Entering Data In The Data Fields
Purchase Price: The purchase price of the home. This
will be used to project the home's value over time using
the annual appreciation rate.
Years Left To Pay: The number of years left to pay on
the mortgage if a person is in the middle of the
mortgage. This will be used to move the amortization
table and charts to the exact spot where you are in your
mortgage.

4. HOME LOAN
CALCULATOR
Entering Data In The Data Fields
Extra Monthly Payment: If a person wants to focus on
paying their mortgage down early with extra monthly
payments, by entering information in this field, it will
update the amortization table accordingly.
Annual Appreciation Rate: The rate at which one
expects their home to appreciate in value each year.

5. HOME LOAN
CALCULATOR
Understanding the Results
Total Payments: The total amount of payments left to
make on your mortgage loan.
Total Principal: The total amount of principal left to pay
on your home loan.
Total Interest: The total amount of interest left to pay on
your home loan.
Home Ending Value: The value of your home at the end
of your loan or mortgage.

6. HOME LOAN
CALCULATOR
Understanding the Results
The Data Table
BOY Balance: The remaining mortgage balance at the
beginning of the year(BOY).
Payment: The total annual payment made on the
mortgage each year.
Principal: The total principal amount paid each year.
Interest: The total interest amount paid each year.
Extra Annual Payment: The sum total of extra monthly
payments made each year.
Home Value: The value of the home based on the
original purchase price and the annual appreciation
rate.

7. HOME LOAN
CALCULATOR
Understanding the Results
Principal & Interest Chart
Principal & Interest: The principal and interest mapped
out over time in a line chart. The principal portion
increases over time while the interest portion decreases
with time.

8. HOME LOAN
CALCULATOR
Understanding the Results
Loan Balance Chart
Loan Balance Chart: This is the mortgage loan balance
in the amortization schedule charted out via a line chart
over time.

9. HOME LOAN
CALCULATOR
Understanding the Results
Home Value Chart
Home Value Chart: This the value of your home over
time projected based on the home purchase price and
the annual appreciaton rate entered by the user.

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Click Here to Use This Home Loan Calculator
Read The Terms and Conditions Before Using
https://iqcalculators.com/calculator/home-loan-calculator/